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Rose48
October 3, 2022
Question

adjusted payroll liabilities showing up a year later as unpaid

  • October 3, 2022
  • 1 reply
  • 0 views

This has been happening every year about this time of year.  Occasionally I have a payroll liability where I don't owe the amount my QB says I do.  I might be off $.01 or $1.00.  Regardless of the amount, I didn't owe that much so I did a liability adjustment on the last day of the previous month to get it out of my payroll liabilities due.  Just today I have five payroll liabilities back.  Three from November 2021 and two from December 2021.  Again, these are amounts that I did not owe for Long-term, Short-term or Life Insurance premiums that are company paid.  In the past I have just done another liability adjustment to get rid of them but my accountant doesn't like that because it affects the books from the previous year.  In this case, I plan to do another liability adjustment on (i.e., November 30, 2021, for $.40) to get rid of a short-term liability it says is due but actually wasn't ever owed and was already adjusted back on November 30, 2021.  Please help.

1 reply

katherinejoyceO
katherinejoyceO
October 3, 2022

Hello there, @Rose48.

 

Let's make sure that the adjusted payroll liabilities won't show up as unpaid again. 

 

First off, let's update your payroll to stay compliant with paycheck calculations. Here's how:

 

  1. Go to the Employees menu, then select Get Payroll Updates.
  2. Mark the Download Entire Update checkbox.
  3. Select Download Latest Update. An informational window appears when the download is complete.

 

Once done, run a payroll check-up and change your computer's system date to the last day of that year if you need to run a payroll checkup for a previous year.

 

For further insights, check out these articles below as your reference:

 

 

I'm always here to guide you if you have additional concerns about managing payroll liabilities. Take care!

 

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