Curious how to handle 2019 401k payments that were made in Feb 2020. They are appearing on my 2020 P/L. do i just change the date to Dec 31/2019?
Thanks for reaching out to us about your tax payment posting, @dscanlon,
The Profit and Loss report in QuickBooks reflects the date on when the transactions are entered. If the payment was recorded in February of this year, the report will post it for this calendar year's data. This is regardless of what period the payment is intended for.
Before changing the date of the entry, make sure to discuss this with an accounting professional. We want to make sure your books are handled properly. This method might affect your reconciliation for last year the the current period.