User Support Forum

Just started using PC for accounting this year. One of the first things I did was set up the payroll portion and I ran (and posted) the first 2 payrolls for january. Now I am getting ready to enter the transactions where I paid the federal and state withholding taxes. When I reviewed my account activity reports, it looks like I might have set up the payroll items incorrectly. here's what I see for each employee in the payroll breakout.....the federal withholding, employer SSI, employer medicare, employee SSI and employee medicare all credit the liability account "2215 Federal Withholding". When I checked my COA, I do have liability accounts "2217 Social Security" and "2219 Medicare". I am assuming that each of these should have been matched to the corresponding liability, right?
So, I know how to correct the Payroll Item Descriptions, but since I've already posted these 2 payrolls, how do I correct them? Is this something that I still do through the payroll module or do I just enter manual transactions that will back out these wrong pieces and enter correct ones?
Debbie

ps. thanks for any help. I'm sure this is a basic question but I'm doing this while on vacation and don't have all my paperwork with me nor the ability to print out reports and analyze them. I don't want to compound my mistakes.

The payroll module will be correct. It doesn't matter to the payroll module which liability account you use in Fund Accounting.

Therefore, make your corrections in fund accounting for the incorrect payroll and remember to change the payroll items so that the next one will be correct.

Example of a correction transaction:
DB 2215 Federal Withholding $Social-security-amount
CR 2217 Social Security $Social-security-amount

Thanks John. I was hoping that the fix would not require payroll changes.
dlg