I feel like this question already should have been addressed, but I can't seem to find where it's described inside the community Q&A.
I am self-employed and in filing my 2020 taxes, I found that I had overpaid. I chose to roll that money into 2021 tax payments. How do I inform quickbooks of this so it properly calculates my quarterly estimated taxes?
You can get the money back for the overpayment by recording it as a refund in QuickBooks Self-Employed (QBSE). The steps to this are pretty quick and easy.
In QBSE, go to the Transactions menu.
Enter the transaction in the box and the amount.
Proceed to the Category column and select the category.
Verify the details and hit Save.
After that, you may pull up the Tax Summary or Tax Detail report to review your tax activities and information. This can be done by going to the Reports menu at the left pane. Then, choose a tax year and click View.
I also recommend consulting your accountant for further advice on what category to use for refunds.
For more insights about managing your taxes in QBSE, consider checking out these articles: