QuickBooks is the industry standard accounting software. The Chart of Accounts lays out the structure of how you will input data, and more importantly, how your.

If you have not yet set up payroll accounts in QuickBooks Mac, Intuit will set them up for you the first time you export data into QuickBooks Mac. Just enter the account names you prefer at the Export Preferences page following the instructions in Step 3. If your QuickBooks Mac company already contains appropriate accounts, you can choose the accounts directly from your QuickBooks Mac 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 the account in your QuickBooks Mac company the first time you transfer data. • On the Chart of Accounts, find the name of the bank account you use to write payroll checks and the expense accounts for employee wages and employer payroll taxes.

Find the liability accounts you use for tax and deduction liabilities. (For cash advance and loan repayment, use asset accounts.) • If you use subcategories or subaccounts, use a colon to separate the category name from the subcategory; for example: Payroll:Gross Wages (no space before or after the colon) • Set up QuickBooks Mac classes. Click Customize to enter the account names exactly as they appear in QuickBooks Mac or select from the drop-down list. • When entering accounts, read the help topics next to each field to choose the right account type.

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In general, enter or select an expense account for the Wage and Tax Categories. For the Liability accounts, enter or select the corresponding QuickBooks Mac Liability account. • If using a cash advance or employee loan deduction, enter or select an asset account to receive the payroll data • If you use different accounts for different groups of employees, select that option in the wage/tax category section to enter or select different QuickBooks Mac accounts for each employee. • If you use different accounts for different types of wages/taxes, select that option in the wage/tax category section to enter or select different QuickBooks Mac accounts for each pay type and tax type • Specify whether you use QuickBooks Mac classes. • If classes are selected, you will enter them on the next page after clicking OK at the bottom of this page. • What to do after you create paychecks or tax payments. The Bank account transaction contains splits that affect multiple accounts, depending on the number of accounts you selected to receive deductions: • A split appears for the Wage Account you specified in the export preferences.

• A split appears for the Tax Account you specified in the export preferences. • One or more splits appear for each Liability account for federal, state and local taxes owed. • Additional splits are entered for each deduction/garnishment, one for the employees deduction and one for any company contribution.