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L
lovers
September 13, 2023
Question

YTD Payroll

  • September 13, 2023
  • 1 reply
  • 0 views

Ok I will try to get an answer from someone who knows Quickbooks.  I am entering in YTD for payroll.  Jan to July.  I have entered the YTD as do not affect accounts.  The opening balance shows no amount to carry forward in the payroll liabilities, on the Bal Sheet. but does show up in the pay liabilities window,  I was able to pay the deduction for July in this window in August.  How can I get this amount to show on the BAL sheet without affecting retained earnings?

1 reply

A
Alex M
September 13, 2023

Hi there lovers,

 

It's important that all your transactions be entered correctly for your books to be well balanced. QuickBooks Desktop Payroll is a great tool able to help you pay your employees for their hours worked. I can point you in the right direction for assistance with entering these balances.

 

In order to enter these balances, to affect the books, you may need to enter a General journal entry r another type of similar transaction. To know what date to select, as well as which transaction type(s) to choose, I recommend reaching out to an accountant. They'll be able to guide you in how to make adjustments so that your balances can be accurate. You can find one near you who has experience using QuickBooks software by going to the Find a ProAdvisor page.

 

If you have any other questions, feel free to reach out here.

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