Payroll Accounts*

Written by Dana Kinsey

Last published at: May 1st, 2019

Payroll-related accounts will report on the Income Statement and Balance Sheet based on your Chart of Accounts.

Payroll may include any or all of the following:

  • salaries
  • wages
  • bonuses & commissions to employees
  • overtime pay
  • payroll taxes and costs
  • Social Security
  • Medicare
  • Federal income tax
  • State income tax
  • State unemployment tax
  • Federal unemployment tax
  • Worker compensation insurance
  • Employer paid benefits
  • Per diem
  • insurance (health, dental, vision, life, disability)
  • retirement/401k plans
  • 941 (Employer Quarterly Federal Tax Return form)


All of these items can be recorded through the Voucher process. Be sure these line items are in your Chart of Accounts so you can itemize and attribute your expenses when you enter Vouchers.