How do you enter a tax deposit that was credited to your checking account? I am new to payroll. Who is it from?

You can record a bank deposit for a transaction credited to your checking account in QuickBooks Online (QBO), udeloach. I'll guide you through the process below.

First, to determine where the money came from, you can verify it on your bank statement. After confirming, ensure that you create a profile for that if you haven't done so already. These profiles can be for your employees, contractors, vendors, or customers.

To make a bank deposit please refer to these steps:

1. Go to the + New button and select Bank deposit.
2. From the Account dropdown, choose your checking account.
   
   
   
   
3. In the Received From column, select the specific profile that you made.
4. In the Account column, select an appropriate account. If you haven't set one up, be sure to get in touch with an accountant for accuracy.
5. Enter the amount of the deposit in the Amount field.
6. Once done select Save and close.

For future assistance, you can refer to this article, which provides detailed guidance on how to effectively match your bank and credit card transactions with the records already recorded in QuickBooks. This process is essential for maintaining accurate financial statements and ensuring that your accounts are balanced: Match online bank transactions in QuickBooks Online. 

If you want to upgrade your payroll system, explore QuickBooks Payroll offers sophisticated functionalities including time tracking and quicker direct deposits that can significantly improve your business efficiency.

Please leave a reply if you have follow-up questions about managing deposits in QBO. We'll be more than happy to answer them for you.