Comments on: Getting Payroll Data into Quickbooks http://www.foresitetech.com/blog/2009/02/25/getting-payroll-data-into-quickbooks/ Insight from your team at ForeSite Thu, 02 Feb 2012 15:52:50 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Michael Giuffrida http://www.foresitetech.com/blog/2009/02/25/getting-payroll-data-into-quickbooks/comment-page-1/#comment-214 Michael Giuffrida Thu, 12 Nov 2009 21:32:16 +0000 http://ctoblog.foresitetech.com/?p=10#comment-214 Thanks for your feedback Diane. The issue we had doing the simple journal entry was that we lost the integrity of the data. This meant that we could no longer run our profit and loss reports by class, line of business, department, etc because all payroll expense was in one big bucket. I agree if the data integrity does not matter for reporting purposes, that is an easy way to get the bulk numbers in the system. Thanks for your feedback Diane. The issue we had doing the simple journal entry was that we lost the integrity of the data. This meant that we could no longer run our profit and loss reports by class, line of business, department, etc because all payroll expense was in one big bucket. I agree if the data integrity does not matter for reporting purposes, that is an easy way to get the bulk numbers in the system.

]]> By: Diane Hain http://www.foresitetech.com/blog/2009/02/25/getting-payroll-data-into-quickbooks/comment-page-1/#comment-213 Diane Hain Tue, 10 Nov 2009 18:43:12 +0000 http://ctoblog.foresitetech.com/?p=10#comment-213 It is a simple journal entry to record your ADP payroll in QuickBooks. It will take your bookkeeper less than 5 minutes. Much less than what it would take her or him to do the whole payroll. That entry is: Debit: Salaries & Wages the amount of the Gross Payroll FICA expense the amount of Employer-paid FICA Medicare expense the amount of Employer-paid Medicare Credit: Medical the amount of Employee Medical Deduction 401(k) the amount of Employee 401(k) Deduction Other Deductions the amount of Any other Deductions made Checking Account the amount of Net Payroll paid It is a simple journal entry to record your ADP payroll in QuickBooks. It will take your bookkeeper less than 5 minutes. Much less than what it would take her or him to do the whole payroll. That entry is:

Debit:
Salaries & Wages the amount of the Gross Payroll
FICA expense the amount of Employer-paid FICA
Medicare expense the amount of Employer-paid Medicare

Credit:
Medical the amount of Employee Medical Deduction
401(k) the amount of Employee 401(k) Deduction
Other Deductions the amount of Any other Deductions made
Checking Account the amount of Net Payroll paid

]]> By: Tim Tracey http://www.foresitetech.com/blog/2009/02/25/getting-payroll-data-into-quickbooks/comment-page-1/#comment-29 Tim Tracey Fri, 01 May 2009 22:52:08 +0000 http://ctoblog.foresitetech.com/?p=10#comment-29 Looks like there's a demand for this code. Hmmm... Looks like there’s a demand for this code. Hmmm…

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