QB Issue Resolution:

Answer 1: You are correct that only Gross Wage plus employer taxes and contributions should be in gross payroll but take a closer look and what you might see is that every employee deduction is posted separately as is Net Pay.  I know it seems like a strange way to keep track of something so simple but this may be the case

 

Answer 2:

Hello, @mina4. No worries, we’ll have everything straightened out in no time!

 

As @john-pero stated, the information is correct. The Gross Wage plus Employer Taxes and Contributions should be in Gross Payroll.  Thanks for the helping hand, John!

 

Let’s look further into your Payroll accounts in your QuickBooks Online and how they’re mapped:

  1. Go to the Gear icon, then Payroll Settings.
  2. Under Preferences, click on Accounting.
  3. In the Other Liability & Asset Accounts section, look at how the employee’s contributions are set up. This should be linked to a Liability account.

Here’s a Community Article that provides more information on Payroll Preferences: Payroll accounting preferences.

 

Answer 3:

An employer contribution can affect both your Payroll Liabilities and Expenses. To assign to the right account, I suggest reaching out to an accountant to get an advice after reviewing the posting of your paychecks.

 

Here’s more information on how to setup company contributions in Online Payroll: Set up company contributions.

Resolution for Issue 'Regarding the payroll booking in quickbooks online plus, if I am not wrong, the number of gross pay, employer taxes and employer 401K contribution should be booked as part of the payroll expenses showing in PL. However, the number as 401K expenses booked in our PL is the total number of employee’s contribution and employer’s contribution. Since the number of employee’s 401K is deducted from the gross pay same as the IRS and State taxes, the only number booked as the expnses in PL should be the portion of employer’s contribution. If it is not correct, I appreciate if you can explain me about it showing the details of DrCr accounts. Thank you in advance!' available: Yes (Solved).
Source: Intuit Community forum.

Regarding the payroll booking in quickbooks online plus, if I am not wrong, the number of gross pay, employer taxes and employer 401K contribution should be booked as part of the payroll expenses showing in PL. However, the number as 401K expenses booked in our PL is the total number of employee’s contribution and employer’s contribution. Since the number of employee’s 401K is deducted from the gross pay same as the IRS and State taxes, the only number booked as the expnses in PL should be the portion of employer’s contribution. If it is not correct, I appreciate if you can explain me about it showing the details of DrCr accounts. Thank you in advance!: 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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