If you use sub-categories or sub-accounts, use a colon to separate the category name from the subcategory.
(For cash advance and loan repayment, use asset accounts.) Locate the name of the bank account you use to write payroll checks, the expense accounts for employee wages and employer payroll taxes, and the liability accounts you use for tax and deduction liabilities. At the menu bar select List, then Chart of Accounts If you need to add an account (perhaps for a new deduction), type the name you want for the account in the field and they will be set up in your QuickBooks company the first time you transfer data. If your QuickBooks company already contains appropriate accounts, you can choose the accounts directly from your QuickBooks Chart of Accounts. Just enter the account names you prefer at the Export Preferences page following the instructions in Step 3 below. If you have not yet set up payroll accounts in QuickBooks, Intuit will set them up for you the first time you export data into QuickBooks. Thus, setting up your Payroll in QuickBooks for Mac requires ( 4) steps:ġ) Setup your QuickBooks for Mac Accounts for Payroll Data QuickBooks for Mac Payroll is “in the cloud” meaning it is stored on Intuit’s server and not on your computer. QuickBooks for Mac Payroll Setup How to Setup Payroll in QuickBooks for Mac
