YTD Payroll

I can share some information with liability adjustment to correct employees’ year-to-date (YTD), @KinionAS.

You can use a liability adjustment to fix your payroll liabilities if they are incorrect. Before doing so, make sure to run a payroll checkup to verify your current setup, review employee records, and identify tax amount discrepancies on flat-rate tax. From here, the tool will offer suggestions on how to fix the problem.

To create a payroll liability adjustment:

1. Go to the Employees menu, then Payroll Taxes and Liabilities.
2. Choose Adjust Payroll Liabilities.
3. Click Employee and then select the employee.
4. Complete the Taxes and Liabilities fields using the amounts you have in your scheduled liability window.
5. Select Accounts Affected and mark the Do not affect account radio button. This is to make sure you don't double your payment record.
6. Click OK and then OK to close the liability adjustment window.

Once done, you can run or generate a payroll summary report to check your liabilities are updated. 

For detailed guidance about using liability adjustments, refer to this article: Adjust payroll liabilities in QuickBooks Desktop. 

I'm also adding this article about E-file 940, 941, and 944 tax forms to guide with your forms and taxes.

Let me know if you have any other questions about year-to-date (YTD) adjustment. I'll be more than happy to help. Keep safe!​​​​​