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m_schoen
Level 1

Annual 940 FUTA liability payment

Help!  I accidentally paid the 2020 Annual FUTA 940 payment instead of the 2019 payment.  How do I correct the liability payments to change the date due on the 2019 payment to reflect 2020 instead (the amounts are identical)?  Or better yet, reverse the erroneous payment and pay the correct one (yes, check is already created and printed).

 

Thanks!

1 Comment 1
JasroV
QuickBooks Team

Annual 940 FUTA liability payment

Hello there, @m_schoen.

 

You'll want to make a payroll adjustment to show the due date in 2019. Here's how.

 

In your QuickBooks Desktop (QBDT):

  1. Go to the Employees menu and select Payroll Taxes and Liabilities.
  2. Click Adjust Payroll Liabilities.
  3. Select Federal Unemployment under the ITEM NAME column.
  4. Enter the negative amount under the AMOUNT column and click OK2.PNG
  5. Then click Next Adjustment at the top right corner
  6. Repeat steps 3 and enter the amount in the AMOUNT column and click OK3.PNG

Once done, go to your Payroll Center and edit the date of the check from there. Here's how.

  1. Click the Employees menu and select Payroll Center.
  2. Select the All Payments tab under the Payment History section.
  3. Locate and double click the check and adjust the date.
  4. Once done, click Save & Close.

Here's an article you can read for more details: Adjust payroll liabilities in QuickBooks Desktop.

 

I also recommend getting in touch with your accountant for guidance in recording this. That way, we'll ensure the accuracy of your books. 

 

You can also visit our Help articles page to learn some best practices in managing your QBDT software.

 

Don't hesitate to leave a comment below if you have other concerns or questions. You're always welcome here in the Community.

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