QuickBooks Payroll Accrual

Posted on 2005-04-28
Last Modified: 2010-10-15
We enter time data into QuickBooks however it doesn't seem to appear to hit our financial statments until we actually write paychecks. This really stinks because labor is perhaps the greatest expense on our books. Does anybody know of anyway to get QuickBooks to accrue the payroll liability when the time is entered?

Question by:FASTECHS
    LVL 12

    Accepted Solution

    Try this:

    If this wasn't useful, you could search through the knowledgebase on their site which will solve your problem
    LVL 11

    Expert Comment

    Hi FASTECHS :-),
    Since we haven't heard from you for a couple of days could you please give us an update on the status of this question?
    See: Thank you, ~~~turn123's friendly update request script.
    Offtopic comments about this script to please :-).

    Author Comment

    Thanks MCV22, none of the information on that link really accomplishes what I would like. All that I want is for my financials to show the latest payroll expense data. It doesn't show up until I process a payroll which unfortunately is 2 weeks later.
    LVL 12

    Assisted Solution

    Perhaps you could search their site knowledgebase or shoot them a query

    Author Comment

    I kind of found a work around. Although it isn't ideal I will simply run my payrolls more frequently. It seems like QuickBooks only accrues the proper time expenses when you run a payroll. There doesn't seem to be a way around this. This really stinks because labor in our organization is perhaps our biggest expense.
    LVL 12

    Expert Comment


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