QB Issue Resolution:

I’m glad to help capture your payroll liabilities in QuickBooks Online.

 

After setting up an expense account for payroll wage and taxes, you also need to create liability accounts to track employee taxes.

 

Let me guide you through on how to accomplish this:

 

Create a parent account to cover all your payroll liabilities

  1. Go to the Settings ⚙ at the right top, then select Chart of Accounts.
    chartofaccounts.PNG
  2. Click New.
  3. Select Other Current Liabilities from the Account Type drop-down list.
  4. Select Payroll Tax Payable for the Detail Type drop-down list.
  5. Enter the name (Payroll Liabilities) of the payable tax, then click Save and Close.
    createpayrollliabilityaccount.PNG

Create a sub-account for the liabilities:

  1. Go to the Settings ⚙ at the right top, then select Chart of Accounts.
  2. Click New.
  3. Select Other Current Liabilities from the Account Type drop-down list.
  4. Select Payroll Tax Payable for the Detail Type drop-down list.
  5. Enter the name (Federal Taxes (941/944)) of the payable tax.
  6. Mark the Is Sub-account box, then select the parent account created above.
    createpayrollliabilityaccount1.PNG
  7. Click Save and Close.

Once done, you can read through this article: Manually enter payroll paychecks. Then, follow Step 2: Enter the payroll paychecks into QuickBooks Online. It will tell you what accounts to debit and credit on your journal entries.

Resolution for Issue 'How to capture payroll liabilities using 3rd party payroll provider Gusto integration with QBO. Only the expenses for payroll wages and taxes have been set up? The bank account is swiped to ensure the expenses are covered; however the liabilities must be captured to pay employee taxes for Fed, State, Social Security, Futa, Medicare etc.' available: Yes (Solved).
Source: Intuit Community forum.

How to capture payroll liabilities using 3rd party payroll provider Gusto integration with QBO. Only the expenses for payroll wages and taxes have been set up? The bank account is swiped to ensure the expenses are covered; however the liabilities must be captured to pay employee taxes for Fed, State, Social Security, Futa, Medicare etc.: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.

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