lynnbenn
Level 1
‎July 23, 2021 10:15 AM

Negative payroll tax expense

Hello, 

 

I have a negative balance in my payroll expense account. Because the payroll drafted from the bank account on 4/30 and the payroll tax portion drafted on 5/1, the payroll entry to Quickbooks was entered on 4/30 and a negative amount was recorded for taxes, then they did another entry on 5/1 and entered a negative amount for the payroll portion that drafted the day before. Now there is a negative amount on my reports for the tax portion. How can I fix this? 

 

thank you!

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LeizylM
QuickBooks Team
QuickBooks Team
‎July 23, 2021 12:45 PM

Employees and payroll

Hi, lynnbenn. 

 

Let's run a quick report to determine what's causing the negative amount. 

 

Here's how:

 

1. Go to the Chart of Accounts and look for the payroll tax expense account.

2. Right-click on the account and select Quick Report.

3. Review the transactions to determine what's causing the negative balance.

4. If there's a duplicate transaction, open and delete it to remove the negative balance. 

 

If the issue persists, I recommend contacting our Customer Care Team. This way, they can help you check the tax expense account and investigate this further. 

 

You'll also have to run these reports if you want to have an overview of the payroll amounts and tax balances: 

 

 

Please let me know what else I can do to help you today. The Community is always here for you.

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