Employees and payroll
Let me guide you through the steps on how to keep your tax report accurate, andersonlaw.
You need to update the EDD rate in QuickBooks whenever the State Unemployment Insurance (SUI) changes. Doing this will keep your SUI tax liability accurate.
Let me show you how:
- Click the Gear icon at the right top, then select Payroll Settings.
- Select the state you want to edit.
- Click Change or add new rate.
- Enter the rate and effective date, then click OK.
After making the changes, QuickBooks will retroactively adjust your payroll liabilities. You can either see an overpayment or underpayment.
If there's an underpayment, you can pay it in QuickBooks. Or pay it directly to your state, then manually record the payment in QuickBooks.
If there's an overpayment, you can contact your state unemployment agency to confirm that the tax was overpaid. This way you'll be given options whether to apply the credit to future debt or refund it to your account.
I'm adding this link to keep track of your payroll statements in QuickBooks: Run payroll reports.
Don't hesitate to leave a comment below if there's anything else yo need concerning payroll. I'm always around to help you.
