The Payroll Center is a discreet module that processes paychecks, generates payroll tax filings, keeps track of payroll liabilities, and directly pays those liabilities. The appropriate accounting entries are automatically made and tax payments are recorded in the payroll module. As you can see below the payroll center is designed so that you will know the due dates and amount of tax payments.
- Record, on a separate document, such as Word or Excel, the dates, check numbers, amounts, time period covered. and taxing authority of each check processed as a regular check.
- Delete each of these checks from QuickBooks
- Open the payroll center, select “Related Payment Activities” ,and select “Create Custom Liability Payments” as shown below.
- Then select the appropriate taxing authority and enter each check date, number, and amount from your list of checks previously deleted.
Robert Guild is certified QuickBooks ProAdvisor in Austin, TX who conducts CPE courses for CPAs and individual training and group classes to QuickBooks users. His company at www.QBCoach.biz, maintains a sixteen-station QuickBooks lab, providing hands-on training. You can contact him directly at rguild@QBCoach.biz or follow him on twitter at QBPro