What Is the Offset Journal Entry for Accrued Payroll?
                     What Is the Offset Journal Entry for 
Accrued Payroll? 
Payroll accruals are a standard practice once you have payroll cycles that cross different accounting 
periods. you would like to acknowledge the payroll expenses incurred during the top of the accounting 
period. Equally important is reversing that accrual once you issue the payroll deposits. it's important to 
know the affected accounts, in order that you'll offset the journal entry appropriately and keep your 
reporting accurate. 
 
Payroll Accrual Entry 
Step 1- Determine the entire outstanding payroll amount for the amount . 
 
Step 2- Create a journal entry that credits the payroll accrual account for the outstanding amount. for 
instance , if you've got $12,000 outstanding for payroll within the period, credit the payroll accrual 
account $12,000. 
 
Step 3- Recognize the payroll expense by posting the debit to the payroll travel and entertainment 
account . during this example, debit the payroll travel and entertainment account for $12,000. 
 
Offset Payroll Accrual 
 
Step 1- Create a reversal entry when the payroll amount is paid. For the instance above, debit the 
payroll accrual account for $12,000. 
 
Step 2- Credit the payroll travel and entertainment account that was debited during the accrual 
process. during this example, credit the travel and entertainment account for $12,000. 
 
Step 3- Account for the particular payroll payment with an entry that debits the payroll travel and 
entertainment account and credits the ledger's brokerage account . This recognizes the physical cash 
payment. 
Payroll Journal Entry for QuickBooks 
Desktop 
1. Journal Entry 
2. Custom Import File 
3. Other Tips 
 
For ASAP Payroll clients that don't subscribe one among ASAP's accounting packages, you'll 
follow the below examples to assist you record your payroll transactions back to your desktop 
version of QuickBooks. 
Journal Entry 
 
1. The most common thanks to enter payroll into QuickBooks is via a general Journal Entry. to 
assist streamline this process;  
2. First found out a "Memorized Transaction" in QuickBooks. Here may be a step by step guide 
for a way to make an easy memorized transaction for payroll.  
3. Next follow this step by step guide which can show you ways to Enter a Payroll using the 
memorized transaction you only created. 
4. Return to top of page 
 
Custom Import File  
 
All payroll clients have the choice of receiving a customized GL Report and/or .Iif file that's 
mirrored/matched directly with their Chart of Accounts. this tradition file are often imported 
directly into a desktop version of QuickBooks. to urge started, please share a sample journal 
entry and/or a replica of your chart of account together with your account manager. you'll not 
need to sit coding fields and mapping lines of entries; our experienced staff will work together 
with your accounting team to format the report back to fit your needs for import. If you are 
doing not use QuickBooks, we will export files to match variety of other accounting software. 
Contact us on to found out your custom report. For more info - 1844 827 3817.