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toddlerner
Level 4

payroll liabilities question

hi i have qbo payroll core, and i just ran my first payroll and my employees were paid…

 

i now see a balance in my payroll liabilities chart of account (screenshot is attached)…

 

2 question:

 

1) does this represent money that’s due to be paid to the tax agencies?

 

2) i thought i set up my payroll core to automatically pay these, when will they be paid and how can i check to see where this is logged to be paid?

 

thank you for your help!  -todd

Solved
Best answer May 18, 2021

Best Answers
Giovann_G
Moderator

payroll liabilities question

Good job for running your payroll for the first time, toddlerner.

 

I can guide you in handling your payroll liabilities.

 

Yes. That represents the tax due to be paid to the tax agency. Also, we can pay and file your federal and state payroll taxes for you. Please ensure that the Automate taxes and forms are turned on.

 

Here's how:

 

  1. Select the Settings ⚙ icon, then click Payroll Settings.
  2. In the Taxes and forms section, hit the Edit pencil icon.
  3. Make sure Automate taxes and forms is On.
  4. From the When to pay section, select one of the following:
    • Sooner: tax payments are paid prior to the due dates.
    • Later: tax payments are paid on the due dates.
  5. Select Save.

Once done, we'll pay and file your payroll taxes for you.

 

If it's turn off, you'll see reminders in your payroll to-do list when you're ready to pay or file your payroll taxes. You can check this guide for the detailed step: Pay and file payroll taxes online.

 

Adding this handy material for more insight: See Tax Payments And Forms. This contains steps on how you can view tax payments and forms already filed.

 

Add a comment if you have further questions about payroll liabilities. I'll be around to back you up.

View solution in original post

3 Comments 3
Giovann_G
Moderator

payroll liabilities question

Good job for running your payroll for the first time, toddlerner.

 

I can guide you in handling your payroll liabilities.

 

Yes. That represents the tax due to be paid to the tax agency. Also, we can pay and file your federal and state payroll taxes for you. Please ensure that the Automate taxes and forms are turned on.

 

Here's how:

 

  1. Select the Settings ⚙ icon, then click Payroll Settings.
  2. In the Taxes and forms section, hit the Edit pencil icon.
  3. Make sure Automate taxes and forms is On.
  4. From the When to pay section, select one of the following:
    • Sooner: tax payments are paid prior to the due dates.
    • Later: tax payments are paid on the due dates.
  5. Select Save.

Once done, we'll pay and file your payroll taxes for you.

 

If it's turn off, you'll see reminders in your payroll to-do list when you're ready to pay or file your payroll taxes. You can check this guide for the detailed step: Pay and file payroll taxes online.

 

Adding this handy material for more insight: See Tax Payments And Forms. This contains steps on how you can view tax payments and forms already filed.

 

Add a comment if you have further questions about payroll liabilities. I'll be around to back you up.

View solution in original post

toddlerner
Level 4

payroll liabilities question

ty!  -todd

ZackE
QuickBooks Team

payroll liabilities question

Thanks for following up with the Community, toddlerner.
 

I'm happy to hear Giovann_G's information was helpful and that you've found the answer you're looking for.

 

You'll additionally be able to find many detailed resources about using QuickBooks in our help article archives.
 

Please feel welcome to send a reply or create a new thread if there's ever any questions. Enjoy the rest of your day!

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