How to input payments made for payroll ie payment of tax national insurance and pensions ?

We appreciate you for being on top of your payroll tax records in QuickBooks Online, @lincolnjoinerylt. I'd like to provide some knowledge and tips about entering payroll tax payments.

The payments for Tax and National Insurance or pension will be added automatically if you make a payment within QuickBooks Online.

If not, you'll need to manually enter them into QBO by making an expense transaction. Before doing so, I'd recommend reaching out to your accountant for the right accounts to use. Here's how to enter an expense:

1. Click on the + New button
2. Choose Expense.
3. Select and/or enter all the necessary payment information (i.e Payee, Payment account, date, method, and Ref no. (optional)).
4. Go to the Category details area, fill in the expense info. You have the option of expensing to a liability account if you want to set up a liability for the NI amount and then you can expense to the liability (which would then record as paid off and show on your balance sheet)
5. Type in the Amount and tax.
6. Once done, click on Save and close.

See this module for the complete steps: Enter and manage expenses in QuickBooks Online.

If you're all set, feel free to read this additional article on how to manage payroll deductions in QBO: Add or customise payroll deductions in QuickBooks Standard Online Payroll.

Keep in touch if you extra help with payroll, taxes, or QuickBooks. We're here to back you and your business. Stay safe.