Hello, @easybookkeeping123.
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.
Here's how:
- Go to the Plus Icon (+).
- Select Journal Entry.
- Enter the date and the journal entry number.
- Fill out the fields to create the journal entry.
- Click Save and Close.
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.