I have a question for you I hope you can help me answer, we have been using QuickBooks for 10 years and always just pulled up tax liability and sent a check. We are finally getting our QuickBooks running correctly but my tax liability shows 66,000 dollars owed but we have always paid I need to clear that out so I can do correctly. Starting this year we are doing it the way it shows by going to pay tax liability and showing amount and listing check but I still show all this old that is already paid I need to zero it out. Any help greatly appreciated.
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You can adjust your payroll liabilities at Employees > Payroll Taxes & Liabilities > Adjust Payroll Liabilities
. If you Balance Sheet and Profit & Loss reports are correct, select the Accounts Affected
button and change it to Do not affect accounts
. If the reports are not correct, leave it set at Affect liability and expense accounts
When you pay payroll liabilities with a regular check, your reports are usually correct so you don’t want to affect accounts with the adjustment. You just want to remove the liabilities you paid incorrectly. Make sure to pay your payroll liabilities through Employees > Payroll Taxes & Liabilities > Pay Scheduled Liabilities in the future.
This article is provided for informational purposes and is not intended to be construed as legal, accounting, or other professional advice. For further information, please consult appropriate professional advice from your attorney and certified public accountant.
Written by +Ruth Perryman, CMA, CFE, CFM, MBA
Ruth is the president of The QB Specialists, an Intuit Premier Reseller that offers huge savings and expert advice on QuickBooks POS and QuickBooks Enterprise. She is an Advanced Certified QuickBooks ProAdvisor and a member of Intuit’s Trainer/Writer Network. She is also certified in QuickBooks POS and QuickBooks Enterprise and has provided expert QuickBooks help to thousands of businesses all over the world since 1996.
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