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kentsimms-icloud
Sep 16, 2024 2:17 PM UTC
Question

I mistakenly included reimbursement with Contractor payroll. How do I back out the reimbursement and reclassify?

I mistakenly included reimbursement with Contractor payroll. How do I back out the reimbursement and reclassify?

4 replies

Estherpayneoo
Sep 16, 2024 2:29 PM UTC

Hi, 

To back out the reimbursement from Contractor payroll in QuickBooks and reclassify it:

  1. Edit the Payroll:

    • Go to the payroll transaction, locate the contractor payment, and edit the reimbursement amount by removing it.

  2. Create a New Transaction:

    • Manually create a new expense or bill to properly classify the reimbursement under the correct account (like “Reimbursements”).

  3. Reconcile:

    • Ensure both the contractor payment and the reimbursement are correctly classified in your accounting records.
kentsimms-icloudAuthor
Sep 19, 2024 5:17 PM UTC

Thank you for the response and sorry for the delay.

 

I clicked on Payroll / Contractors, and selected the contractor. I see the list of payments and selected the payment w/ the reimbursement. A window opened showing the direct deposit transaction and has 2 buttons, Void and Close. I tried to Void, but received a message sating that it cannot be Voided b/c of direct deposit and has already processed.

 

I must be in the wrong place in QB?

Please advise.

Thank you.

kentsimms-icloudAuthor
Sep 19, 2024 5:23 PM UTC

Forgot to mention that the reimbursement and the contractor payroll were entered as a lump sum, one line entry.

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