Adjust payroll liabilities in QuickBooks

1. The users need to adjust payroll liabilities in QuickBooks when the payroll liability report shows an incorrect amount. Users can record the adjustments using the liability adjustment feature in QuickBooks, and adjustments can be made with a liability account as well as an expense account. The adjustments can also be applied for company liabilities or employee-specific liability. Are you facing any issues while adjusting payroll liabilities in QuickBooks? You can contact the QuickBooks experts team by dialing our customer care number 1.855.738.2891) to resolve the issue

2. Steps to Adjust Payroll Liabilities in QuickBooks • Given below are the steps to make a payroll liability adjustment in QuickBooks: • Step 1. Run a payroll checkup • The payroll checkup tool will scan the payroll data to check for missing information. Now, follow the steps: • Open QuickBooks and choose the Employees menu. • Select My Payroll Service and then click Run Payroll Checkup. • Next, follow the on-screen instructions. • Click Continue and go through the steps that appear on the screen. • If you find discrepancies in the payroll data, make adjustments to your payroll liabilities by following Step 2.

3. Step 2. Adjust Payroll Liabilities • On the Employees menu page, choose Payroll Takes and Liabilities. • Next, choose Adjust Payroll Liabilities. • Select Employee Adjustments if you’re adjusting a company paid item. • Select Company Adjustments if you want to remove the balance from the payroll liability balance report. • Now, select the employee. • Fill the Takes and Liabilities fields • 1. Choose the item name you want to adjust. • 2. Enter the amount and wage base. • 3. To make a wage base adjustment, the user can only use Income Subject to Tax. • 4. Users can write a note in the memo field for future references. • Now, choose Accounts Affected and click OK. • To leave balances unchanged for the liability and expense accounts, select Do not affect accounts. • To enter an adjusting transaction in liability and expense accounts, select affect liability and expense accounts. • Follow the same steps for other employees if needed and click OK.

4. That’s all about the troubleshooting methods to adjust payroll liabilities in QuickBooks. We hope this helped and if you have any queries, feel -free to contact the QuickBooks professionals by dialing our toll-free number (1.855.738.2891)