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How do I record payments made for state unemployment tax using a credit card? Quickbooks online tax center doesn't give an option to record the payment from a credit card

 
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Best answer January 02, 2020

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QuickBooks Team

How do I record payments made for state unemployment tax using a credit card? Quickbooks online tax center doesn't give an option to record the payment from a credit card

Hi Chris129,

 

Thanks for reaching out the community space.

 

Right now, the option to record a payment from a credit card is unavailable in the QuickBooks Online Tax Center. As a workaround, we can tag the bank account although the payment was made through credit card.

 

Here's how:

  1. Select Taxes from the sidebar menu.
  2. Click Payroll Tax.
  3. On the Payroll Tax Center page, select Pay Taxes.
  4. Select Record Payment.
  5. Enter the necessary information.
  6. Hit Record Payment.

 

To learn more about this process, you can visit this article: Pay payroll taxes electronically or manually.

 

While QuickBooks aims to find new ways to make sure that your product meets your needs, I'll be taking note and share this with our product developers for consideration. I also encourage you to check our QuickBooks New Features to be updated on the latest product enhancements.

 

Please let me know in the comment section if you need additional help in completing your task with QBO. I'll be happy to assist.

View solution in original post

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Highlighted
QuickBooks Team

How do I record payments made for state unemployment tax using a credit card? Quickbooks online tax center doesn't give an option to record the payment from a credit card

Hi Chris129,

 

Thanks for reaching out the community space.

 

Right now, the option to record a payment from a credit card is unavailable in the QuickBooks Online Tax Center. As a workaround, we can tag the bank account although the payment was made through credit card.

 

Here's how:

  1. Select Taxes from the sidebar menu.
  2. Click Payroll Tax.
  3. On the Payroll Tax Center page, select Pay Taxes.
  4. Select Record Payment.
  5. Enter the necessary information.
  6. Hit Record Payment.

 

To learn more about this process, you can visit this article: Pay payroll taxes electronically or manually.

 

While QuickBooks aims to find new ways to make sure that your product meets your needs, I'll be taking note and share this with our product developers for consideration. I also encourage you to check our QuickBooks New Features to be updated on the latest product enhancements.

 

Please let me know in the comment section if you need additional help in completing your task with QBO. I'll be happy to assist.

View solution in original post

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Level 1

How do I record payments made for state unemployment tax using a credit card? Quickbooks online tax center doesn't give an option to record the payment from a credit card


@KlentB wrote:

Hi Chris129,

 

Thanks for reaching out the community space.

 

Right now, the option to record a payment from a credit card is unavailable in the QuickBooks Online Tax Center. As a workaround, we can tag the bank account although the payment was made through credit card.

 

 

Please let me know in the comment section if you need additional help in completing your task with QBO. I'll be happy to assist.


That would mean I've got to go and do a journal entry to remove the payment from the bank account so it balances, correct?  What account do I use to offset the debit to the bank account since the charge is already in the credit card account?

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QuickBooks Team

How do I record payments made for state unemployment tax using a credit card? Quickbooks online tax center doesn't give an option to record the payment from a credit card

I appreciate you getting back to us, @chris129.

 

Yes, you're correct. You can create a journal entry and apply the bank account used when recording the tax payment. This way, you can offset the charges from the bank account. Let me guide you through the process.

 

  1. Click the + New button, then select Journal entry.1.PNG
  2. In the first line, choose the bank account used when recording the tax payment from the drop-down.
  3. Enter the amount from the Debits field.
  4. In the second line, select the credit card account, then enter the amount in the Credits field.
  5. Fill out the necessary information and click Save and close.2.PNG

Here's an article for more details: Create a journal entry.

 

However, I still encourage seeking help from your accountant. This way, they can offer you some advice on correct accounts to use.

 

You might also want to check out this article to learn how to prepare for payroll tax setup.

 

If you need any additional assistance while managing your state taxes, you can leave a comment below. I'll be sure to get back to you. Wishing you all the best.

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Level 1

How do I record payments made for state unemployment tax using a credit card? Quickbooks online tax center doesn't give an option to record the payment from a credit card


@Mark_R wrote:

I appreciate you getting back to us, @chris129.

 

Yes, you're correct. You can create a journal entry and apply the bank account used when recording the tax payment. This way, you can offset the charges from the bank account. Let me guide you through the process.

 


The payment is already recorded in the credit card register.  If I do a journal entry and post it to the credit card account, then the payment will be recorded twice.  I guess that means I need to go back and delete the original entry in the credit card account?

Highlighted
QuickBooks Team

How do I record payments made for state unemployment tax using a credit card? Quickbooks online tax center doesn't give an option to record the payment from a credit card

Hi chris129,

 

Thanks for getting back to us.

 

You can delete the original entry in your credit card so this won't be recorded twice. Here's how:

  1. Click Accounting on the left panel.
  2. Locate the credit card account, then click View register.
  3. Double-click the transaction.
  4. Click Delete.
  5. Click Yes.

Once done, you can go ahead and do a journal entry.

 

However, I still recommend reaching out to your accountant for other ways on how to record the payment. 

 

In case you'll want to change the state unemployment insurance tax rate, go over on this article for more information: Enter or Change State Unemployment Insurance (SUI) Tax Rates.

 

If you need further help, please let us know. We're always right here to help you anytime.

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