Operating QB Desktop Enhanced Payroll
We qualified for the ERC, did not make payroll deposits during the quarter and will receive a refund. On the pay taxes and liabilities window, I clicked on the liability owed and entered a negative amount on the expense side against the payroll liabilities account equal to the amount that each deposit would have been without the ERC. After recalculating, this effectively zeroed out the amount owing for the deposit in the liabilities window. However, payroll liabilities owing on the chart of accounts did not change as the expense entered reduces the liability, but the tax deposit amount being offset increases the register. How can I adjust payroll liabilities on the chart of accounts correctly?
