We use QuickBooks 2019 for Mac and run payroll through Intuit QuickBooks Payroll for Mac.
I have a Tax Liability Report that is showing incorrect numbers for tax owed and need to know how to make the necessary corrections.
Here’s the progression of events:
I processed weekly payroll as normal including pulling Tax Liability and other reports. After processing, I found out one paycheck needed to include a severance package. :( I was told to delete the paycheck in question and re-enter it to include severance hours, then I pulled the reports again. Normally, the Tax Liability report lists amounts for Federal taxes under Tax Amount and Tax Owed and these are always equal amounts. However, since deleting one check and entering a new one, the Tax Liability Report is listing amounts under Tax Paid as well. The amounts from the first time I pulled the report are listed under Tax Paid and are being subtracted from the correct Tax Amount, creating an incorrect Tax Owed total (should be the same as the Tax Amount column).
How can I delete those first amounts (incorrectly showing as paid) so that my report and tax payments are correct? Should I have voided/deleted all of the paychecks and started processing payroll from the beginning?