Thanks for joining this thread, CA337.
Allow me to share some information about how a journal entry and creating a liability adjustment affects the employee’s W-2.
Once you record a journal entry, the adjusting amount will not show/reflect on the corrected W-2. For it to show on the tax form, you’ll have to process a payroll correction for the previous year’s data.
Adjusting payroll information requires account verification. The Community is a public forum, and gathering personal details can’t be done here for security reasons.
I suggest contacting our Payroll Support Team as they have tools to review your paychecks and correct the information. As mentioned by @HoneyLynn_G, create a journal entry to record the corrected amount on your chart of accounts.
As always, I recommend contacting your accountant first to help determine the correct debit and credit accounts.
The most up to date contact information can be found here:
- Go to Help at the top, then click on the Contact Us link.
- In the How can we help you with? window enter contact payroll support in the field box.
- In the Ways we can connect with us section, select Message an Agent or We’ll call you.
The information I provided should correct the employee’s W-2.
If you have additional questions about payroll, leave me a comment. Please know I’m here to assist further.
