QuickBooks needs to know which account you want to use to track the employee
withholding and deduction amounts. QuickBooks enters Payroll Expenses as the
account, but you can enter a different account.
New accounts: If you enter the name of an account that
doesn't exist, follow the onscreen messages to set up the account. Be sure
to choose Expense as the account type.
Effect on reports: QuickBooks uses the date in the
Effective Date field to calculate amounts on the payroll liability balances