Skip to main content
F
Fedler
June 14, 2024
Question

Adjusting Past Employees Vacation Pay Balances from previous years

  • June 14, 2024
  • 2 replies
  • 0 views

If the Vacation Accrued or Paid Out amount is incorrect, it can be adjusted in each employee's profile, but my question is the following.

 

For past employees where there are incorrect amounts still in Quickbooks from previous years, if I zero these outs, does it affect those previous years.

 

I am with a company where there is a new owner and we are cleaning up the books, and constantly finding things, or having things found by the bank etc.

 

I am working in Quickbooks Desktop

 

Thank you

2 replies

T
Trish_T
June 14, 2024

Hi Fedler,

 

Thanks for reaching out to us here.  I can understand your concerns with incorrect amounts remaining in your QuickBooks Desktop Payroll.  You are correct in your thinking, as making changes can have a negative impact on other areas of your books, such as source deductions, reconciliations and others.  For this reason, speaking with an accounting professional for their expertise is the best course of action, to ensure a positive outcome on your books. If you don't have an accountant, you can search for a ProAdvisor in your local area by following this link.

 

If you have any other questions, please don't hesitate to reach out.  We would be glad to assist!

A
AT-CEL
June 19, 2024

I think you are asking if you zero out the amount in the employees profile? 

That does not affect anything else within the  program.  If you wanted to balance your Vacation GL, you would need to do a Journal Entry. All the employee's profile Vacation pay box does is make what prints on pay statements show 0. 

Terms & ConditionsAccessibility statement