Hi there, @smcb1.
The application will depend on the payroll transaction entered in the application. Thus, adding penalty and interest to the payment history is viable. Additionally, you can enter these penalties and interests via check directly to your payroll account in the Chart of Account (COA).
Here’s a resource you can check out to in recording checks to be guided accordingly: Create and record checks in QuickBooks Online.
In regards to the Edit payment in the Payment History section. The transaction that you can only edit is the latest one. Otherwise, the application will only give you the option to Delete payment and View form options.
Furthermore, QuickBooks provides a range of payroll reports. This will provide you with a complete picture of your employee's gross pay, deductions, and tax information for a given time period. Visit this site for a thorough list of the payroll reports that are offered as well as information on how to obtain them: Run payroll reports.
If you have any other questions about payroll, feel free to submit a comment. I’m always here to lend a hand for help.