Make sure that the adjustments are correct by selecting the appropriate reports when finished. Please know that my colleague updated his answer to clear things up. You’ll need to make sure that the setup of the two payroll items has the same vendor and number that identifies you to the agency. Also, once you’re in the Pay liabilities section, check the Period and make sure they’re the same. Please do not reply if you really do not know what you are talking about.
Let me help you on how to accomplish these steps in QuickBooks. In addition, to combine the liability payments, select each items, and then select unearned revenue: explanation reporting classification click View/Pay. I understand the benefits of consolidating payments to the same payee from different accounts on the payroll liabilities tab for your business. However, this functionality is unavailable within the software. Check out this video on how to pay your payroll taxes and liabilities. Hello Klent, Because our Payroll System was down when quarterly Payroll Tax was due, I paid the liability via telephone.
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You should not post payroll liability payments using regular Checks as you described. It must be done from the Payroll Liabilities screen to do it properly. The correct answer is to create a custom liability payment if it is not combining in the Payroll Liabilities screen.
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- With all the amazing features, you can easily set the reminders and pay scheduled or custom unscheduled liabilities in QuickBooks accounting software.
- While making Payroll Liability Balance reports, QuickBooks Desktop can create erroneous liabilities.
- While all these items are from the same vendor, they represent different liabilities.
I encourage submitting a feature request for this option directly to our development team. They actively consider customer suggestions when planning future updates and enhancements to QuickBooks. To understand the impact and benefits of this upgrade, Schedule a Meeting with an Expert at your convenience day and time. QuickBooks Expert will cash flow is help you navigate easily in a few minutes. As always, don’t hesitate to reach out to us or reply down below if you have other questions.
Payroll liabilities in QB Desktop
If I follow the above instructions and change the liability amount in Payroll, how will I enter the payments made by phone?? The Create Custom Payments feature allows you to combine payroll liabilities on a single payment. With just a few steps, you can accomplish this task in your company file. QuickBooks Online Payroll doesn’t create the check to pay non-tax liabilities such as Health Insurance premiums, 401(k) contributions, and Child Support. You’ll need to create these payments from the Check screen. Most businesses must submit their last month’s payroll deductions to the Canada Revenue Agency (CRA) by the 15th of the current month.
Employee adjustments are used to change an employee’s year-to-date information. If the adjustment will impact or change the data on your quarterly return, you might consider doing a quarter-to-date adjustment instead of a year-to-date adjustment. If the Installments-Payroll account has an amount remaining at year-end, confirm with your tax agency if the remaining amount will be carry-forward to the next year. If the Installments-Payroll account has a balance owing (a negative amount), you may need to remit the balance to the tax agency. See articles customized for your product and join our large community of QuickBooks users.
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So does anyone have an idea as to why QBDT bureau of motor vehicles registrations and titles would suddenly stop combining liability payments to the same vendor? Our 401k plan has 5 payroll items that, up until now, would combine to one payment/check when using the pay liabilities function. Now for some reason it wants to do only 1 payroll item at a time regardless of the fact that all go to the same vendor. Again, for years it has always combined liabilities per vendor to one payment. I’ve checked preferences and payroll setup but cannot find any setup that might affect this process. Is there a way to combine these from the payroll liability tab?
