Payroll Linked Accounts window

The Payroll Linked Accounts window enables you to select the default linked accounts assigned to payroll transactions in your company file. These accounts were automatically linked if you created a new company file using the New Company File Assistant, but you can change them if you want to.

Note that you can override the default linked accounts when you set up your payroll categories. For example, you may want to use several liability accounts for tracking different taxes and government deductions.

Field Descriptions

Bank Account for Cash Payments

Enter the default account that will be used to track the amounts for employees you pay with cash. The account you select must be a bank or credit card account type.

Bank Account for Cheque Payments

Enter the default account that will be used to track the amounts for employees you pay by cheque. The account you select must be a bank or credit card account type.

Default Employer Expense Account

Enter the default account that will be used to track expenses you pay on behalf of your employees. The account you select here must be an account that is a bank or credit card account type.

Default Wages Expense Account

Enter the default account that will be used to track your wage expenses.

Default Withholding Payable Account

Enter the default account that will be used to track amounts withheld—such as taxes and deductions— from employee paycheques.

OK

Click to save your changes and close the window.

Tips for this window

Related Topics

■	Create a company file

■	Set up payroll