Am trying to correct the following situation:
December 30 2019 paycheck was outstanding at the end of 2019. Company changed to QB Desktop - but didn't enter beginning year information from the end of 2019. (That is another item I need to fix). When the outstanding December 30, 2019 check cleared the bank account it was recorded as a paycheck in QB Desktop. This information on this check appears in the employees totals for 2020 and the taxes were paid again by the company in 2020.
How should this check entry be adjusted in QB Desktop Payroll to reflect the correct total balances for the employee? What date should be used?
When I try to pull up the Paycheck Detail the following warning pops up:
QuickBooks does not have the information required to compute amounts for paychecks
dated 2/3/2020. If you create or edit paychecks you will need to verify and correct all
amounts manually.
The 2019 outstanding check cleared in 2/3/2020 thus the date. Don't believe the manually amounts will be an issue as that information is available.
Since the Q1 2020 payroll taxes were filed will also need to prepare 931-X nd corresponding state tax filings. Will preparing these in QB Desktop Payroll follow through and reflect the credit in payroll liabilities? Will this credit appear on the next 941 filed?
Appreciate your assistance.
