Correcting Payroll Liabilities after payment.

The liabilities will automatically adjust once you void the original paycheck and reissue the corrected one, Ccoriano.

It's better to avoid making any adjustments to the payment, especially if the tax agency has already withdrawn the funds. This is to make sure that the record in QuickBooks matches with your bank statement.

QuickBooks will also automatically apply any tax overpayment to the next period. You can expect a lower amount when paying a tax obligation for the next period.

To check if the amounts to be paid are correct, you can run the Payroll Liability Balances report. This lets you view useful info about your business and employees: Run Payroll Reports.

If you need any additional help or guidance when adjusting liabilities, we're just a message away. We're always happy to help.