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jwnoricks
Level 1

The "estimated tax" due is not showing an amount I paid earlier. I mistakenly categorized the tax payment as "personal". Can this be reversed?

I applied a rule that overwrote this. I've since changed the specific transaction back to "business", but the estimated tax due field has not updated.
Solved
Best answer October 04, 2021

Best Answers
Catherine_B
QuickBooks Team

The "estimated tax" due is not showing an amount I paid earlier. I mistakenly categorized the tax payment as "personal". Can this be reversed?

I can walk you through handling your tax payments, jwnoricks.

 

Let's ensure that you selected the correct dates and categories in recording your tax payments. If you paid with an account that's not connected to online banking, or you paid by mail, you'll need to manually record the payment. Here's how:

 

  1. Go to the Transactions menu.
  2. Select Add transaction at the upper-right.
  3. You can enter "(Date and fiscal year) quarterly federal tax payment" in the description field.
  4. Enter the amount and the date you made the payment.
  5. Select Select a category, then Taxes, and then Estimated Taxes.
  6. Click Save.

If you get the same thing, you can perform a few browser troubleshooting steps. To start, try logging into your QBO account using a private browser. To use one, here's how:

 

  • Google Chrome: Ctrl + Shift + N
  • Mozilla Firefox: Ctrl + Shift + P
  • Safari: Command + Option + P

If this works, it means that you need to clear your browser's cache so the system can start fresh. If you get the same result while using a private browser, I recommend switching to a different browser.

 

I've got a link here that provides you with articles about managing your taxes: How QuickBooks Self-Employed tracks self-employment taxes.

 

I'm just one click away if you need a hand with running your business in QuickBooks Self-Employed. I'm glad to help. Keep safe and healthy.

View solution in original post

1 Comment 1
Catherine_B
QuickBooks Team

The "estimated tax" due is not showing an amount I paid earlier. I mistakenly categorized the tax payment as "personal". Can this be reversed?

I can walk you through handling your tax payments, jwnoricks.

 

Let's ensure that you selected the correct dates and categories in recording your tax payments. If you paid with an account that's not connected to online banking, or you paid by mail, you'll need to manually record the payment. Here's how:

 

  1. Go to the Transactions menu.
  2. Select Add transaction at the upper-right.
  3. You can enter "(Date and fiscal year) quarterly federal tax payment" in the description field.
  4. Enter the amount and the date you made the payment.
  5. Select Select a category, then Taxes, and then Estimated Taxes.
  6. Click Save.

If you get the same thing, you can perform a few browser troubleshooting steps. To start, try logging into your QBO account using a private browser. To use one, here's how:

 

  • Google Chrome: Ctrl + Shift + N
  • Mozilla Firefox: Ctrl + Shift + P
  • Safari: Command + Option + P

If this works, it means that you need to clear your browser's cache so the system can start fresh. If you get the same result while using a private browser, I recommend switching to a different browser.

 

I've got a link here that provides you with articles about managing your taxes: How QuickBooks Self-Employed tracks self-employment taxes.

 

I'm just one click away if you need a hand with running your business in QuickBooks Self-Employed. I'm glad to help. Keep safe and healthy.

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