I can share some information with liability adjustment to correct employees’ year-to-date (YTD), @KinionAS.
You can use a liability adjustment to fix your payroll liabilities if they are incorrect. Before doing so, make sure to run a payroll checkup to verify your current setup, review employee records, and identify tax amount discrepancies on flat-rate tax. From here, the tool will offer suggestions on how to fix the problem.
To create a payroll liability adjustment:
- Go to the Employees menu, then Payroll Taxes and Liabilities.
- Choose Adjust Payroll Liabilities.
- Click Employee and then select the employee.
- Complete the Taxes and Liabilities fields using the amounts you have in your scheduled liability window.
- Select Accounts Affected and mark the Do not affect account radio button. This is to make sure you don't double your payment record.
- Click OK and then OK to close the liability adjustment window.
Once done, you can run or generate a payroll summary report to check your liabilities are updated.
For detailed guidance about using liability adjustments, refer to this article: Adjust payroll liabilities in QuickBooks Desktop.
I'm also adding this article about E-file 940, 941, and 944 tax forms to guide with your forms and taxes.
Let me know if you have any other questions about year-to-date (YTD) adjustment. I'll be more than happy to help. Keep safe!
