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What's important about the Affect Accounts window?

The settings in this window determine whether QuickBooks enters an adjusting transaction in your payroll liability and expense accounts and in the bank account from which you write payroll checks and pay liabilities.

The settings are preset based on the dates you entered in an earlier window in this year-to-date setup wizard. You should not have to change these settings.

Setting

What it does

Do not affect accounts

QuickBooks does not enter an adjusting transaction in any accounts, so your account balances do not change. Year-to-date amounts on payroll reports do change.

Affect liability and expense accounts but not the bank account

QuickBooks enters an adjusting transaction that affects your payroll liability and expense accounts, but not your bank account balance. This transaction affects your profit and loss statement and your balance sheet. Year-to-date amounts on payroll reports also change.

Affect liability, expense, and bank accounts

QuickBooks enters an adjusting transaction that affects your payroll liability, expense, and bank accounts. This transaction affects your profit and loss statement and your balance sheet. Year-to-date amounts on payroll reports also change.

KB ID# H_PAY_F1_AFFECTS_ACCTS
9/28/2016 3:12:16 PM
PPRDQSSWS403 9138 Pro 2017 edd8f9