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Rest assured, I'll help you enter the refund in QuickBooks in no time!
A quick and easy way to reflect this in QuickBooks is to record a Payroll Liability Refund Check. The steps below will guide you on how to create it:
- From the Employees menu, select Payroll Taxes and Liabilities, then Deposit Refund Liabilities.
- Choose the agency where the refund came from.
- In the Refund Date field, enter the date when you received it.
- In the For Period Beginning field, enter the first day of the pay period that the refund affects.
- Select how you want QuickBooks to handle the deposit:
- Group with other Undeposited funds: Adds the amount in a holding account, which you can deposit to the right account later on.
- Deposit To: Records the amount to the account of your choice.
- In the Taxes and Liabilities section, select the payroll item affected by the refund.
- In the Amount column, enter the refund amount.
- Click OK.
All of this information and more is available in our guide on how to record a payroll liability refund check.
That should get you going in the right direction. Don't hesitate to reach out to me again if there's anything else I can help you with. Thanks for dropping by, wishing you and your business all the best.