How do the federal taxes accounts work? I have a large negative balance in one and a large positive balance in another, but they don't match.

Hey there, @churchincharlott.

Can you share with me more details on what type of report you're using when comparing these balances in QuickBooks? Any additional info would be much appreciated.

The accounts in your Chart of Accounts a list of financial accounts that are set up in QuickBooks. All of the transactions that are listed on them are the data that were entered into the program.

You can get back to this thread to add the details of your concern. Simply click reply and I'll get back to you.