1 ACCEPTED SOLUTION
Resolving issues with calculating and recording accrued payroll in QuickBooks involves a few steps. First, ensure that your payroll settings are correctly configured, including employee pay rates and schedules. Check that your QuickBooks software is updated to the latest version to avoid any software glitches.
Next, verify the accuracy of your timesheets and confirm that all worked hours are correctly entered. If discrepancies are found, adjust the entries before processing payroll. To record accrued payroll, create a journal entry at the end of the accounting period: debit the payroll expense account and credit the payroll liability account. Finally, regularly reconcile your payroll accounts and review reports for accuracy to ensure all entries are correct. If issues persist, consider consulting with a QuickBooks expert.
Resolving issues with calculating and recording accrued payroll in QuickBooks involves a few steps. First, ensure that your payroll settings are correctly configured, including employee pay rates and schedules. Check that your QuickBooks software is updated to the latest version to avoid any software glitches.
Next, verify the accuracy of your timesheets and confirm that all worked hours are correctly entered. If discrepancies are found, adjust the entries before processing payroll. To record accrued payroll, create a journal entry at the end of the accounting period: debit the payroll expense account and credit the payroll liability account. Finally, regularly reconcile your payroll accounts and review reports for accuracy to ensure all entries are correct. If issues persist, consider consulting with a QuickBooks expert.
