Can anyone guide me on the process of utilizing a liability adjustment to rectify employees’ year-to-date (YTD) or quarter-to-date (QTD) payroll information in QuickBooks Desktop Payroll? Seeking advice and insights on this aspect. Thanks!
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Can anyone guide me on the process of utilizing a liability adjustment to rectify employees’ year-to-date (YTD) or quarter-to-date (QTD) payroll information in QuickBooks Desktop Payroll? Seeking advice and insights on this aspect. Thanks!
Hello, Adam Henry
Adjust payroll liabilities in QuickBooks Desktop Payroll, navigate to the “Employees” menu, select “Payroll Taxes and Liabilities,” and then choose “Adjust Payroll Liabilities.” Enter the effective date of the adjustment, select the appropriate adjustment type, and follow the on-screen instructions to input the necessary details. Review the summary and click “OK” to save the adjustments.