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September 5, 2024
Question

How do I post a refund made to my company by check from 941/Tx Workforce commission for overpayment in Dec 2022 ?

  • September 5, 2024
  • 1 reply
  • 0 views
How do I post a credit to TWC/941account 











 for an overpayment in 2022?
Received a check for $100.95, stating overpayment, 941. I need to deposit check, but have to post it somewhere. . . WHERE???

1 reply

MariaSoledadG
September 6, 2024

Let me elaborate on some details about your 941 overpayment, 4QUEST7.

 

In the normal process, once you receive a refund check from a tax agency for overpaid payroll taxes, you can record it as a deposit. You can consult an accountant to guide you to the correct posting category of your transaction. They are more knowledgeable in terms of managing financial transactions and more familiar with payroll tax payments.

 

On top of that, QuickBooks Online (QBO) offers a variety of reports that cater to your business. To know more on what are the list of available payroll reports, check out this handy article for reference: Run Payroll Reports.

 

 You can always let us know if you have any other concerns about payroll taxes. We're always right here to help you.