Hi @WeissF,   Let's go over the steps on how you can properly record a payroll liability refund check.   First thing I'd suggest is to run the Payroll Liability Balances report.   Here's how: Go to Employees. Select Employees & Payroll. then select Payroll Liability Balances. If there are credits, proceed to the steps on how to enter a payroll liability refund check. If there are no credits, create a manual bank deposit. And post it to Payroll Expense. How to enter a payroll liability refund check: Go to the Employees menu, then select Payroll Taxes and Liabilities. Then select Deposit Refund Liabilities. Select the name of the vendor who submitted this refund check. In the Refund Date field, enter the deposit date. In the For Period Beginning field, enter the first day of the pay period that the refund affects. Choose between the 3 options how you want QuickBooks to handle the deposit. In the Taxes and Liabilities section, select the payroll item/s affected by the refund. In the corresponding Amount column, enter the positive amount. Select Ok. For other situations you might have with recording a payroll liability refund check, take some time to view this article: Record a payroll liability refund check. It shows the steps for when the taxing agency has withheld a portion of the refund for a different balance due, as well as an interest paid to you on the check.   If ever you need further assistance, let me know by posting it in the comments below. I'll be sure to get back to you. ... View more

Hi @kmasta,   Thank you for your prompt reply and also providing more details about your issue.   The entries on the Opening Balance Equity account for your new inventory items is the normal operation for QuickBooks Online. There isn't an option to delete an inventory item, the same goes for the entry in the Opening Balance Equity register.    So you can correctly track the purchase and sale of inventory items, take a look at this article: Buying and selling inventory. It has the steps on how to record purchases so won't have an issue like this in the future.   Please feel free to post any other questions you have in mind at the comments below. I'll be sure to get back to you. ... View more

Hi @kmasta,   Allow me to join this conversation and share my thoughts about your bill transaction that has an inventory item in it.   You don't need to delete the bill in question because you can still edit it to show the correct amount.   Let me show you how: Locate the bill in question. If you've recorded it as paid; with the correct amount and incorrect quantity, then you only need to edit the quantity then Save and close. with the incorrect amount and incorrect quantity, you can delete the payment linked to the bill, edit the amount then record another payment for it. Then Save and close. If you recorded it as unpaid, then you only need to change quantity (and amount if necessary). With regards to your other question about making adjustments to your physical inventory, you can open this article: How to adjust inventory quantity on hand. Follow the steps provided in the article so you'll be doing the correct steps on changing your company's inventory.   I'll be around if ever you still need help. Post your question in the comments below and I'll be sure to get back to you. ... View more