Just to add to @ian_roberts ’ post, there’s a bit of a run down on payroll in QuickFile, along with an example journal entry, in our knowledge base that may help:
Introduction
A common query that comes up on our forums are in regards to recording payroll. How you record it does depend on your setup, but we'll look at both options below.
The 2 ways that payroll can be handled within QuickFile are:
With a payroll journal
Without a payroll journal
1. With a payroll journal
The advantage of a payroll journal is that it allows you to record it prior to paying your employees, and it would show as a Liability on your balance sheet report. If you run your o…