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One of the pay periods from my payroll was booked on June and it belongs in July. I'm needing to move dollars from one payroll tax account in June, and add it to a payroll tax account in July. I cannot figure out how to do this! Please help...this is urgent!
Scott
Hello, @ssahling.
If you're referring to the payroll amount that was processed using the incorrect account. You need to delete and recreate the check using the correct account. That said, you have to update the bank first from the Payroll Settings. If you're referring to the account used to pay your taxes or liabilities, you can update the date or delete and re-record the payment if it's manually processed and not yet filed to the agency. And, contact support if it was electronically filed.
Otherwise, you can create a journal entry to move the amount from one account to another. Before recording an entry I suggest consulting with a professional accountant to guide and give you some accounting advice.
Here's how to record a journal entry:
For additional references about running payroll in QuickBooks Online, check out this article.
Let me know if you have any other questions. I'm always here to help. Have a good day!
Thanks for the quick response. I've come to the conclusion that I just need to do the JE to correct. But the problem is if I date the JE for JUNE to move an amount out of my Direct Labor category to the Direct Labor category in JULY. The JE is dated June. I'd be moving from June Direct Labor to June Direct Labor. How do I do the JE to move from June Direct Labor to July Direct Labor? Does that make sense?
So your answer did not solve my problem. Looks like I'm gonna get left on an island with this.
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