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We did pay the IRS $7.02 more, but we owed it. When I questioned the accountant her reply was: From adjusting Jeri’s payroll and withholdings last week to match the amounts you gave me after the fact, I had to adjust these amounts so that her net pay was the same since the deposit had already been m...

Thanks for your assistance. In March 2026 we paid the $7.02 MORE to the IRS. I don't think I should debit the expense, and credit the checking, because the money has been paid out. I do not want another $7.02 to from the bank or I will not be able to reconcile. I need a credit of $7.02 to my payroll...

Thanks for your assistance. In March 2026 we paid the $7.02 MORE to the IRS. I don't think I should debit the expense, and credit the checking, because the money has been paid out. I do not want another $7.02 to from the bank or I will not be able to reconcile. I need a credit of $7.02 to my payroll...

The payroll company files the quarterly 941 for us. They also file the report monthly to the IRS and the funds automatically come out of our checking account. When payroll is processed, I receive a series of reports from them stating all the withholding amounts for each employee and I post to PowerC...

Thanks for the reply. We use a local company to complete our payroll. So the payroll reports at year end should be correct. I just don't know how to credit our payroll taxes payable account the $7.02. We have what we call an Ins & Outs that is an Asset. Could i use that somehow?

I have a transaction I need to create and I can't seem to figure out how to proceed. I need to credit $7.02 to our Payroll Taxes Payable due to a change made earlier in the year between FSA and HSA withholdings. When payroll taxes were paid an additional $7.02 payment was made. I do not know how to ...