This is still causing problems in my FUTA account. The refund check ($460.49) and From 940 was larger than what Quickbooks Payroll calculated as an overpayment ($340.50). I had clicked "Marked As Resolved" but I think this is still off.
Where should I post the refund check deposit ($460.49)? It just goes into Payroll Expenses right, thus lowering that expense account since it's a refund, right?
Hello there, MPLS213. Thanks for posting in the Community forum.
Yes, you're right. The refund check deposit should be posted into your Payroll Expense account. It gets back the amount and records it in the correct account. Here are some articles that you can check read through about FUTA: