As you make payroll payments to your employees, you would be required to store their records. In QuickBooks, there are several options to record payroll as well as the taxes associated with it. Opting for the Help menu of QuickBooks or Taxes menu of QuickBooks Online is the best option to enter payroll. In some instances, journal entries can also be created to record these payments.
In an attempt to explain how to record payroll in QuickBooks, we have shared the details of these methods. Moreover, you can find the methods for entering payroll liabilities, taxes, ADP payroll, etc., in QuickBooks Online and QuickBooks Desktop.
This section comprises a brief outline of the blog:
The users are advised to run the Help menu for recording payroll in QuickBooks. This menu is available on the accounting software’s bar. The menu has the QuickBooks Help option. After selecting it, you need to tap on Calculate Payroll Manually. The additional selections can be made in the Company Preferences menu to record payroll in QB.
For adding an ADP Payroll to the QuickBooks software, the report for it needs to be downloaded. Once you have it, you can add the required dates in ADP InfoLink Report Utility. Moving forward, you can start running the accounting software. Via its Help menu, you can access QuickBooks Help. Then start looking for Manual Payroll and use it to enter the record.
Remember: By selecting “Open”, the process to import the report will start in the accounting software.
You can now wait for the accounting software to import the ADP report for payroll. With this, the method describing how to record ADP payroll in QuickBooks will reach an end.
We suggest that our readers record payroll journal entries using the + New menu in QuickBooks. The menu brings Journal Entry to display. Select it and then look for Date. Here, you can specify your paycheque’s date. Then write the details that are necessary for recording the payroll journal entries.
To understand how to record payroll journal entries in QuickBooks, let us look at the other instructions as well.
Payments of tax payroll can be saved in QuickBooks through the Taxes menu. The user can benefit from the Payroll Tax option. The option will lead you to Enter Prior Tax History. You need to input relevant information here. Then you can press Ok to save the information. Soon, the payroll tax payment will be recorded.
This 6-step procedure briefly explains how to record payroll tax payments in QuickBooks. While you follow it, you may receive certain instructions on the display. You may be required to execute them as well.
Those of you who are familiar with the Journal Entry option in QBO can easily record or enter payroll. Usually, this option is found after locating + New. When you have found Journal Entry, you can mention the Journal Date. Then click on Journal No. Field and fill it. With this, payroll will get recorded in QuickBooks Online along with a journal entry.
You can see the steps below to find out how to record payroll in QuickBooks Online:
Tip: Learn more about entering a journal entry in QuickBooks Online with this link.
Remember: By mentioning “Journal No. Field”, the number of the paycheck can be tracked.
A short process can be followed to enter or record payroll taxes in QuickBooks Online. In the software, you can choose Taxes. Then the tab for Payroll Tax has to be selected. View the Enter Prior Tax History option. Here, you can provide the payment relating to the taxes as well as fill in the other information.
Below, you can learn the remaining steps explaining how to record payroll taxes in QuickBooks Online:
The simplest way to record payroll liabilities in QBDT is by visiting Help. This menu has been featured with the About QuickBooks option. You can open it to head to Setup TYD Amounts. The details of your payment can be recorded in the Enter Prior Payments option. Finally, you can include information such as the payment date to proceed.
These steps further elaborate on how to record payroll liabilities in QuickBooks Desktop:
Remember: The option of “Next Payment” will be chosen only when an additional payment has to be added to QuickBooks Desktop.
Entering payroll payments in the QB software can be done in several ways. Considering the methods presented above, you can enter the payments at your own ease. While you perform these methods, we will suggest that you enter the correct details to maintain the record of payroll without any errors.
To help the readers further, we have added a post on how to record accounts payable in QuickBooks. Knowing how to record a transfer between accounts in QuickBooks is also suggested.