Are you attempting to reconcile payroll liabilities within QuickBooks? Discover all the solutions to your queries here. This segment will guide you through the process of reconciling your payroll liabilities in QuickBooks. But before delving into the details, let's take a moment to understand what payroll liabilities entail.
To successfully reconcile payroll payments in QuickBooks, you can follow these steps. Let's take a look below.
Step 1: Create Passive Account
Step 2: Create Transaction Label
Step 3: Create Payroll Liability Sheet
Step 4: Print Report
Step 5: Confirm Transaction
Step 6: Matching Items Correctly
Steps to Match Payroll Payables in QuickBooks Payroll
The following are steps to manually match payroll payables in QuickBooks Online.
- First, select Taxes in the QuickBooks Online navigation bar.
- Additionally, you need to click on the “Payroll Tax” option and click on “Past Tax History” under “Tax Payment”.
- Next, you must select the current year and commitment period.
- Also, click Add Payment and select the Tax Type to match your payroll tax return.
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- Next, create a credit by creating a negative amount.
- Finally, you need to click on the "OK" tab.
Conclusion:-
As we approach the conclusion of this article, we trust that the insights shared have been beneficial to you. Following the aforementioned steps should undoubtedly assist you in reconciling payroll liabilities within QuickBooks. Should you find any aspect confusing, please feel free to reach out to our dedicated technical support team for guidance. Available round-the-clock, our team is ready to assist you whenever needed. To get in touch with us, simply dial our toll-free number at +1-844-539-0188.
