Offering: Accounting jobs, finance jobs in Canada, Charlottetown

Properly Categorizing Payroll in QuickBooks online is critical for correct financial records. Begin by navigating to the payroll tab and choosing run payroll. After entering pay details and payroll figures, QuickBooks online properly classifies wages, taxes and deduction. You can tailor classification by choosing the proper expense and liability accounts. For instance, wages are classified within payroll expenses and taxes and benefits are posted to corresponding liability accounts. Check through every category when making the final payroll. Proper categorization provides proper reporting for taxes, for financial statements and for year end filings. Periodic check will keep your records organized and errors at bay.

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