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- Tue Jun 21, 2011 4:19 pm
- Forum: Accounting
- Topic: Posting Quarterly IRS Payment in Powerchurch
- Replies: 1
- Views: 838
Posting Quarterly IRS Payment in Powerchurch
Just took over treasurer position. Previous treasurer made first quarter IRS payment via EFTPS and then entered the payment into Powerchurch as a manual check entry. She debited the expense accounts for social security and medicare. I'm wondering if she should have debited the liability accounts?