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Level 1

Tax overpayment help

1 Comment
QuickBooks Team

Tax overpayment help

I’m happy to see you in the Community, zack-johnson.


Let’s choose the Resolve OverPayment option to keep your records in tiptop shape. The process is a breeze, and I’m here to show the steps.


  1. Go to the Pay Taxes page.
  2. From there, tap the Resolve OverPayment button beside the tax you’re working on.
  3. This will display the summary of the transaction.
  4. If the agency allows you to request a refund of the overpayment or apply it to the next period, the following options will display below the Resolve Overpayment page.
  5. Choose how you want to use the over tax payment.
  6. Once done, click the Save button.


For an overview of the taxes you handle in your company, check out the Resolving a tax over payment article. 


However, if this for your sales tax, let’s go ahead and enter a bank deposit. Here’s how:


  1. At the top right, click the New icon to select the Bank Deposit under the Other section.
  2. In the ACCOUNT field, pick the bank account to which to deposit the funds.
  3. Mark the box of the transaction to record in the Select the payments included in this deposit section.
  4. In the Add funds to this deposit table, enter the name of the state agency in the Received From column.
  5. Enter that expense account in the ACCOUNT column.
  6. Press Save and close.


Keep me posted if you have any other concerns or questions. Please know I’m always ready to answer them for you. Have a great rest of the day. 

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