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Bank Accounts and Payroll Journals


#1

Hi there,

Hoping someone can help me, Although Ive been using QF for almost 2 years now I am only getting fully into the capabilities. Anyway, I use the payroll site for my payroll and have started to use it to send the payroll information journals straight to my quickfile.

Can anyone tell me how I can then Tag this to my bank account to see the transaction of the nett wages leaving my account so it balances out (if that makes sense)

Much appreciated.

Steven


#2

What are the journals you doing on QF?


#3

Ive been sending my payroll journals from the pay roll site but I want to also log the payments made on my bank account.


#4

you need to tag bank payments to net wages account and P.A.Y.E account


#5

Thanks for your replies. I have tried this but all it seems to do is log the payment and it still shows oustanding on my balance sheet. Its obviously something simple im not doing but I just cant seem to figure it out at this moment


#6

Payment tagging would make liability on balance sheet nil, unless you are doing journals wrong in first place


#7

Thanks, think I’ve it sussed now


closed #8

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