Skip to main content
T
TammyFCS
April 14, 2021
Question

I have an overpayment on my 941, It is not pulling to the next qtr,

  • April 14, 2021
  • 1 reply
  • 0 views

When I did the 4th qtr 941 I had an overpayment. But when I run the 1st qtr report it does not pull forward, How do I fix it to show up?

1 reply

C
CharleneMaeF
April 14, 2021

Worry no more, TammyFCS. I'm here to make sure we've got everything configured.

 

QuickBooks Desktop doesn't automatically apply the overpayment to the next quarter's Form 941. We'll have to manually override line 11 of Form 941 to include the credit. I'll guide you how.

 

  1. Prepare your 941 form.

  2. Add the credit amount and the amount shown on the 941 form.
  3. Locate line 11 on the form, right-click the number, and select Override.
  4. Enter the new amount. The form adjusts the total due or amount of overpayment.
  5.  If you want to apply the overpayment to the next return, select Apply to next return.
  6. You can select Send a refund if you want to receive a refund check.

 

I'm also adding these helpful articles for your future reference:

 

Please reach out to me should you need further assistance in manually overriding the form to include the credit. I'm more than happy to help. Have a good one.

T
TammyFCSAuthor
April 16, 2021

Is it possible to enter it so that we account it for when I make my next payment?

Tori B
Tori B
April 16, 2021

Hey there, @TammyFCS. 

 

Thanks for following up with us. I hope you're enjoying the day so far. 

 

The steps provided by my colleague above would be the best course of action to take to apply the overpayment amount to your next payment. If you use step 5 of the listed steps included in the reply, you can choose to Apply to the next return. 

 

For additional information about applying overpayment credits, check out the articles I've included below. 

 

However, before taking further action, I recommend consulting your accountant to guide you in recording the overpayment credit, to ensure the credit is correctly applied in your tax forms. If you don't have one, you may use our Find an Accountant tool. 

 

Please let me know if you have further questions or concerns. You can always reach out to the Community any time you need a helping hand. Take care and have a fantastic weekend! 

Terms & ConditionsAccessibility statement