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Post Info TOPIC: Payroll Journals on Quickbooks
MRSurrey


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Payroll Journals on Quickbooks
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I created a Current Liabilities Account for both Net Salaries and PAYE/NI (to which I would post bank payments), and then an Expenses Account for Gross Sals and NIC ers.

My journal then goes like this:

CR Net Sals
CR PAYE/NI
DR Gross Sals
DR NIC ers

I simply replicated what I would have done on Sage so that it would be easier for me to remember where to post things.

Hope that helps, Sammy.

I've made my peace with QuickBooks after many years of using only Sage. You're right, it is easier to get in and change things; something that scared me a bit to start with, if I'm honest.




-- Edited by MRSurrey on Sunday 15th of July 2012 10:52:12 AM

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Sammy76


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How do I enter Payroll journals on quickbooks - which accounts do I use or do I need to create them in COA?

(Yes I went for QB in the end which seems very easy to use, even customising COA looks easy)



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Sammy76


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That is fantastic, thank you. I went to post the journals and couldn't find anything I need lol. I will create them as you have done then as that looks very simple and what I was expecting to find.

Many many thanks

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