Fields in the Payroll Linked Accounts window

Fields in this window

Payroll Linked Accounts window

Payroll Checking Account

The Payroll Checking Account field allows you to enter an account that tracks the money you’ve paid to employees. This account typically is an account named “Payroll Checking” or something similar. In MYOB Accounting Plus documentation, this account is referred to as your payroll checking account.

Default Employer Expense Account

The Default Employer Expense Account field allows you to enter an account that tracks the employer expenses that aren’t deducted from employees’ paychecks. This account will appear as a default in the Employer Expense Information window when you add or edit individual employer expenses; you can override that default, if you wish. In MYOB Accounting Plus documentation, this account is referred to as your employer expenses account.

Default Wages Expense Account

The Default Wages Expense Account field of the Payroll Linked Accounts window allows you to enter an account that tracks your wage expenses. This account number will appear as a default in the Employee Payroll Information window for individual employees; you can override that default using the Employee Payroll Information window, if you wish. In MYOB Accounting Plus documentation, this account is referred to as your wages expense account.

Default Withholding Payable Account

The Default Withholding Payable Account field of the Payroll Linked Accounts window allows you to enter an account that tracks the amounts withheld from employee paychecks. When you withhold money - taxes or deductions - from an employee’s paycheck, the amounts you withhold are stored in this account. This account will appear as a default in the Deduction Information, Employer Expense Information and Tax Table Information windows; you can override those defaults, if you wish.

MYOB Accounting Plus provides a single default withholding account. Many businesses prefer to separate taxes withheld by using different liability accounts for each tax. If you want to do this, first be sure you have separate liability accounts for this purpose in your chart of accounts. Then enter the account you want to use in the Linked Payable Account field of the Tax Table Information window for each tax for which you want to track amounts separately.

In MYOB Accounting Plus documentation, this account is referred to as your withholding payable account.

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*Payroll Checking Account*	The Payroll Checking Account field allows you to enter an account that tracks the money you’ve paid to employees. This account typically is an account named “Payroll Checking” or something similar. In MYOB Accounting Plus documentation, this account is referred to as your payroll checking account.
*Default Employer Expense Account*	The Default Employer Expense Account field allows you to enter an account that tracks the employer expenses that aren’t deducted from employees’ paychecks. This account will appear as a default in the Employer Expense Information window when you add or edit individual employer expenses; you can override that default, if you wish. In MYOB Accounting Plus documentation, this account is referred to as your employer expenses account.
*Default Wages Expense Account*	The Default Wages Expense Account field of the Payroll Linked Accounts window allows you to enter an account that tracks your wage expenses. This account number will appear as a default in the Employee Payroll Information window for individual employees; you can override that default using the Employee Payroll Information window, if you wish. In MYOB Accounting Plus documentation, this account is referred to as your wages expense account.
*Default Withholding Payable Account*	The Default Withholding Payable Account field of the Payroll Linked Accounts window allows you to enter an account that tracks the amounts withheld from employee paychecks. When you withhold money - taxes or deductions - from an employee’s paycheck, the amounts you withhold are stored in this account. This account will appear as a default in the Deduction Information, Employer Expense Information and Tax Table Information windows; you can override those defaults, if you wish. MYOB Accounting Plus provides a single default withholding account. Many businesses prefer to separate taxes withheld by using different liability accounts for each tax. If you want to do this, first be sure you have separate liability accounts for this purpose in your chart of accounts. Then enter the account you want to use in the Linked Payable Account field of the Tax Table Information window for each tax for which you want to track amounts separately. In MYOB Accounting Plus documentation, this account is referred to as your withholding payable account.
*OK button*	Click this button to accept the entries you’ve made in this window.