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havequestions
October 29, 2022
Question

Payroll liabilities adjustment

  • October 29, 2022
  • 1 reply
  • 0 views

my Quarter 3 941 report shows a balance due of $42.40, consisting of FICA and MEDICARE.  I ran a year to date report to see which employee record was affected.  However, QB auto-reviews to see if year to date amounts of the taxes are correct and automatically adjust to the correct amounts.

 

So I went forward and printed a year to date report that included the October payroll, and the withholding in the FICA and MEDICARE were now correct.  So my question is what to do about the payment due that is shown on the Quarter 3 941.  I will have to pay the amount to reconcile what shows on the 941; so where do I enter the liability, and what/where will the $42.40 'end up'.  Will I show an over payment into the 4th quarter?   

Thanks for reviewing

1 reply

G
GlinetteC
October 29, 2022

Thanks for sharing detailed information about your payroll liabilities issues, havequestions.

 

You'll have to create a liability payment to fix this. I'll show you how:

 

  1. Go to Employees, select Payroll Taxes & Liabilities, then select Pay Scheduled Liability.
  2. In the Pay Taxes & Other Liabilities window, select the tax or other liability you want to pay from the list. Then select View/Pay.
  3. Review the dates and the amounts due. 
  4. Select Check/E-pay to proceed in paying your taxes.

 

For more details about the process, check out this article: Pay your non-tax liabilities in QuickBooks Desktop Payroll.

 

You can also read this link for additional reference to learn why liabilities show as overdue or appear in red on QB Desktop.

 

Keep me updated if you need more help with liabilities concerns in QuickBooks. I'll be glad to help you again.

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