Skip to main content
January 9, 2024
Question

How to adjust a rounding error for Form 940

  • January 9, 2024
  • 1 reply
  • 0 views

Hello!  When QB prepares the 940, the wage base times the .006 is $.01 more than the total of the 940 expense on the individual paychecks. The total remitted equals the total of the Federal Unemployment on the Payroll Summary report.  The Payroll Liabilities report shows $0 due but the Form 940 report states $.01 is owed.  Since the liabilities report shows zero due, I wasn't sure how to proceed.  I would love some guidance on this.  

Thank you!

1 reply

January 9, 2024

I will direct you to the appropriate support to ensure your 940 tax form is accurate, Melondee.

 

Since the Form 940 report states that $.01 is owed. While this may seem like a small amount, it's important to address it promptly to ensure the accuracy of your payroll data. To do so, I recommend contacting our Payroll support team immediately. They will be able to provide more detailed information on what may have caused the balance and guide you through the necessary adjustments to correct it. 
 

By contacting our Payroll support team, you can rest assured that any questions or concerns you may have regarding your payroll data will be addressed promptly and effectively. They have the expertise and tools to help you navigate any challenges and ensure your payroll data is accurate and up-to-date.  

 

Here's how:
 

  1. Click the Help menu.
  2. Choose QuickBooks Desktop Help/Contact Us.
  3. Enter a brief description of your concern, and tap Continue.
  4. Sign in to your Intuit Account.
  5. Pick either chat with us or Have us call you.

 

You may want to check this article about penny differences in the amounts shown on payroll reports and tax forms: Why do I occasionally notice penny rounding differences?

 

Furthermore, you can check out this article to view steps for a complete summary of payroll expenses, including wages, taxes, deductions, and contributions: Create a payroll summary report in QuickBooks.

 

Please don't hesitate to comment below if you have other payroll concerns and questions about Form 940 in QBDT Payroll. I'm always around to help. Take care, and have a great day!

MelondeeAuthor
January 10, 2024

Thank you for the very thorough reply!  I'll call directly!

MelondeeAuthor
January 22, 2024

I've requested a call several times and am getting no response.  Is there a number to call?