17 Nov Payroll Service Data Entry Choices
Using QuickBooks for payroll processing can be very intuitive; however, it is important to take the time and energy to ensure that it is set up properly from the beginning. There are many different options and the needs of each business vary dramatically. The approach here is to provide an overview of the system and details on its flexibility so that a strong foundation exists to move forward in the decision making process.
A journal entry or check is acceptable if the payroll clears the bank account as one lump sum.
A clearing account for data entry of net checks then reclassification of the payroll detail works well if that detail is needed.
There are also four choices for job costing specific alternatives.