I see what you’re aiming to accomplish with your reconciliation, Carolexx. Let's pinpoint where this refund is coming from and how it should be recorded for accurate books.
To locate the amount associated with the payroll credited to you, we can run your Payroll Liability Balances Report. There, we can check the outstanding payroll-related obligations or if you have overpaid payroll taxes, resulting in a refund.
Here's how:
- Go to the Reports menu and select Employees & Payroll.
- Choose Payroll Liability Balances Report.
- If applicable, you can click Customize Report and change the report period.
If the amount is still in question, the check may include interest, or part of the refund may have been applied to past-due taxes. To sort it out, let's review the refund notice to verify what specific steps we can perform to record it in QuickBooks Desktop (QBDT).
Once done, we can follow the applicable scenario to create the refund check under Step 2: Enter your payroll liability refund check, outlined in this article: Handle a payroll tax refund from an agency in QuickBooks Desktop Payroll.
After entering the transaction, you can match it to your bank records and proceed with reconciling your account.
You can reply to this thread if you require further assistance managing payroll transactions or bank reconciliation.
