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Posted by Allan Martin on September 25, 2006, 4:06 pm
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> Using the service's cheque register to determine the o/s cheques at the
> reconciliation date the credits to the bank on the monthly payroll entry
> should consist of 2 numbers -total $ cleared and total $ o/s.
Very close but no cigar, some checks can remain oustanding for months. Your
method introduces needless potential complications. Keep it Simple.
>
> Later....
>
> David S>
>
>
>>
>>>i use bank of america easypay. only real reason why is that it's free
>>> for me and i started using it before quickbooks and everything is
>>> setup.
>>>
>>> anyways, on to my question: how does one go about entering a payroll
>>> $$ for an employee without having payroll setup and actually processed
>>> through qb? i'm assuming it's through doing a manual general ledger
>>> entry? can you point me in the right direction.. a helpful link
>>> maybe.. on step-by-step instructions?
>>
>> This is the type of question that is best answered by your accountant.
>> He/she can show you how to gross up your payroll and enter it a journal
>> entry. How often the entry is made is up to you. For most of my clients
>> using outside payroll services this is done once per month.
>>
>> The Allan Martin black challenge is as follows:
>>
>> Payroll is processed by an outside service and payroll checks are cut
>> using the same operating bank account which is used for other cash
>> disbursements.
>> Payroll is grossed up and recorded as a single journal entry once per
>> month.
>>
>> What is the most efficient method of performing a bank reconciliation at
>> the end of the month in QuickBooks?
>>
>> Who is up to the challenge?
>>
>>
>>
>>
>>>
>>>
>>> thanks,
>>>
>>>
>>> kyle
>>>
>>
>>
>
>
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