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I accidentally merged the wrong accounts in quick books online causing the tax payment to show up in a different account then it was actually taken from. what do i do to correct this?
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I can share additional information with updating accounts used with your federal taxes, @Misty27.
The option to move to another bank account is unavailable. You may consider creating a journal entry move money between accounts.
Here's how:
For more information about the debit and credit accounts that you can use, check out this article on how to create a journal entry in QuickBooks Online.
I also recommend consulting an accountant on what specific accounts to use to record the transaction to ensure the accuracy of your books. I've also attached some articles about tips and guides to reconcile an account:
Let me know if you have any other questions about updating bank accounts. Let me know by leaving a reply below. Have a wonderful day!
I've got your back, @Misty27.
I have steps for you to do to update and ensure your tax payments will be posted to the correct account. I'd be delighted to guide you on how:
Here are some handy resources you'll want to check for more details when running payroll in QBO:
I'm always ready to assist you if you have questions or concerns about managing your transactions and accounts in QuickBooks Online. Tag me in your reply, and I'll sprint back into action. Have a good one, and keep safe.
My problem is not with the current bank account because that is correct, but the past payment was made to the wrong account in quick books and I need it to be in another account so it can match in bank feeds.
I can share additional information with updating accounts used with your federal taxes, @Misty27.
The option to move to another bank account is unavailable. You may consider creating a journal entry move money between accounts.
Here's how:
For more information about the debit and credit accounts that you can use, check out this article on how to create a journal entry in QuickBooks Online.
I also recommend consulting an accountant on what specific accounts to use to record the transaction to ensure the accuracy of your books. I've also attached some articles about tips and guides to reconcile an account:
Let me know if you have any other questions about updating bank accounts. Let me know by leaving a reply below. Have a wonderful day!
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