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Simplify payday and set payroll to run automatically on QuickBooks. Explore QuickBooks Payroll
Safoora
Level 1

Payroll Liability Reconciliation

Hi 

I have never reconciled the Payroll Taxes.

Can someone please tell me the steps required to reconcile the payroll liabilities?

 

Thank you

1 Comment 1
jamespaul
Moderator

Payroll Liability Reconciliation

Hello, Safoora.

 

I'll gladly help you out in reconciling your payroll liabilities within QuickBooks Online. 

 

We can reconcile your payroll taxes by marking them as paid in the Payroll tax page. This zeroes out your payroll liabilities in QuickBooks. Here's how to do it: 

 

  1. Go to Taxes, then select the Payroll tax tab. 
  2. Click the Payments button.
  3. Under Action Needed, click the Pay button for the taxes you need to pay and zero out. 

 

paytax.PNG

 

Do this for the rest of the taxes you haven't paid yet. I should also mention that paying your taxes manually may not be done if the taxes and forms are automated. In this case, we'll need to turn it off first before doing this. 

 

Take a look at this article if you need more details about tax payments and forms automation: Manage automatic tax payments and form filings

 

We also have a blog where we've listed helpful information about reconciling payroll taxes in QuickBooks. Check it out here: https://quickbooks.intuit.com/r/payroll/payroll-reconciliation/.

 

For more details about managing your payroll taxes and forms, we can check out these articles: 

 

If you also need to reconcile your payroll expenses with the bank where the transactions are recorded, we can take a look at this article for reconciliation: Reconcile an account in QuickBooks Online

 

The year-end tax time is fast-approaching, so we've prepared an article to help you take care of taxes and other things in QuickBooks. We can bookmark this guide just in case you need help in the near future: Year-end guide for QuickBooks Online

 

Let me know if you have questions about managing taxes and liabilities in QuickBooks. If you happen to come across any difficulties while managing your employees and entries, add the details to your reply. I'm here to help.

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