Currently, my payroll clearing account is showing a negative amount (eg. -$10,000.00). There are multiple journal entries from 2016 to 2019.
How do I zero out these negative balances?
The payroll clearing account is use to enhanced security and for more efficient reconciliations and analyses. You can create a journal entry to clear out the negative amount in your clearing account.
You can refer to this article for more detailed steps: Matching payroll in QuickBooks Online.
Also, I'd recommend consulting with your accountant or tax-professional so you'll be guided in clearing out your payroll clearing account.
Let me know if you have other questions. I'm always here to help.