| How to enter payroll tax deposits |
Resolution | - On the Payroll menu, point to Taxes, and select the Tax [for example, FICA and FWT (941) or SUI]
- Select the Quarter / Year
- Select the Drop down for Payee and select a Payee from the list
Note: If no payee displays or it shows payee 'undefined', click Edit Payee to create a payee. - Select the Liability period from the drop down
Note: Select Final to pay all outstanding liabilities - Select the Check# or EFT# radio button and enter the Check number or EFT number
- Enter the Deposit date and Amount
- Verify the distribution of the amount to the liability accounts and select Post
Notes:- The Penalty/Overpayment field may be used to adjust the deposit amount. For additional information, see How to adjust payroll tax deposits.
- "INVALID DEPOSIT DATE. The date for withholding tax deposits must be within the range from the start of the previous payroll quarter to the end of the next payroll quarter." if Deposit date is not a current or previous quarter date
- For tax deposits that are too old to post in the current system (for example, more than one quarter back) you will not be able to post in the Payroll module. To record the payment to update your financials and bank reconciliation, enter an Instant Check in CM, Transactions, Instant Checks OR a CM, Transactions, Enter Bank Transactions and enter a charge. In both transaction, you will need to select the offset accounts to distribute. If you have any questions on which accounts to post to for your company, then consult with your accountant.
How to reenter Tax Deposits after additional Tax Deposits have been entered
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