Setting Default Accounts for Payroll

To view and edit the following fields, click the Default Accounts subtab.

Go to Setup > Payroll > Set Up Payroll.
Click the Default Accounts tab.
In the Gross Pay list, select the general ledger account to use for your gross pay.
In the Payroll Expenses Account list, select the account to use for payroll expenses. This is used as the default expense account.
In the Payroll Liabilities Account list, select the account to use for payroll liabilities.
In the Payroll Funding Account list, select the account to use to fund payrolls. NetSuite withdraws funds from this account to satisfy payments to employees and tax agencies.

Important:
The account you select here must match the payroll funding account that you indicate in your paperwork when you first implement SuitePeople U.S. Payroll. If you are updating the payroll funding account, you must follow the instructions in SuiteAnswers article 79774.

If you use NetSuite OneWorld, not all bank accounts are available. To appear in this list, a bank account must be restricted to the Payroll Subsidiary defined at the top of the Set Up Payroll page. The currency should be USA (U.S. dollars).
Click Save.

After you set default accounts, make sure that you update payroll information. For more information, see Updating Payroll Information.