cancel
Showing results for 
Search instead for 
Did you mean: 
MP11
Level 2

Payroll Adjustments on P&L

Good Morning!

We use the manual payroll system in Quickbooks desktop. I am working on P&L for our taxes and I have Payroll Adjustment and I have a list of paychecks I need to resolve. I know there is a function called Payroll Check up on the paid version. If I don't have the paid version how would I resolve this account? Or can I purchase the payroll check to clean up the account?

 

Thank you,

Mariann

6 Comments 6
SarahannC
Moderator

Payroll Adjustments on P&L

.Hello there, @MP11.

 

Yes, you're right that users can run a payroll checkup to help you find problems that affect your liabilities. However, this can be used when you have a paid version or have an active payroll subscription in QuickBooks Desktop. You'll want to check this link for more details: QuickBooks Desktop Payroll.

 

In your case, you'll want to manually run a report than can help you figure out the error and use it reference when correcting paychecks.

 

I've added articles you can check that contain information about payroll liabilities:

 

 

You can go back here if you have additional concern. Take care, MP11

MP11
Level 2

Payroll Adjustments on P&L

Thank you for the input. I will try this and if I have challenge I'll come back. :)

 

MP11
Level 2

Payroll Adjustments on P&L

Good Afternoon-

 

I did go through the links. I was able to run the Payroll Liabilities Balances to see where it's off, I then looked at the Payroll Liability Item by transaction, it's the attached file. Is this the report I would use to find what needs to be corrected? I can't run the payroll detail report in the 2018 quickbooks pro version. Will the 2 liability reports I mentioned be enough for me to make the the correct updates to the account? 

 

The other thing I forgot to ask when the IRS sends us a check for the 941 form I have been posting them to payroll liabilities. would that be correct? I've been trying to figure out the liabilities to make sure it's correct. 

 

Thank you,

Mariann

 

 

Adrian_A
Moderator

Payroll Adjustments on P&L

Thanks for getting back to us, Mariann.

 

Yes, the Payroll Liabilities Balances report is one of the reports that will help identify what makes the taxes calculate incorrectly.

 

As for the check from the IRS, I'd recommend reaching out to your accountant so you'll be guided on the correct accounts to use. If you don't have one, you can look for one through this link: Find a ProAdvisor.

 

Feel free to pin these links as your references in dealing with tax adjustment:

 

 

Don't hesitate to Reply, Mariann. I'll get back to you the soonest. Keep safe!

MP11
Level 2

Payroll Adjustments on P&L

You commented on the Payroll Liabilities Report is one of the reports. What are the other reports? I'm using Quickbooks pro 2018 and some the reports listed on the links provided I can't find.

 

I can ask the accountant he doesn't use quickbooks so that's why I usually come here. I 'll try to get some help. The Pro Adviser never respond for the last I've reached out to people I rarely get a response from someone.

 

Thank you for the help.

 

Mariann

 

JenoP
Moderator

Payroll Adjustments on P&L

QuickBooks Desktop offers a number of report to help you review if the amounts are correct, MP11.

 

However, they're only available if you have an active payroll subscription and if you have a supported version of QuickBooks.

 

If you can access the Payroll Item Detail report, you can take a look at the Wage Base column. Then, manually calculate using the tax rate of the item to see if the amount in the Amount column is correct. For example, if your wage base for Social Security is $1000, then the amount should show 6.20. 

 

To make the corrections, you can either edit the paycheck or create a liability adjustment. You can use this article as a guide: Adjust Payroll Liabilities in QuickBooks Desktop.

 

Additional guidance when editing or correcting payroll amounts are also shared here:

 

 

Don't hesitate to always ask questions if you need more help when working in QuickBooks. We're always her to guide and assist you.

Sign in for expert help
Ask questions, post replies & join our community of QuickBooks users.

Need to get in touch?

Contact us