I have used online payroll for the past 2 years and after downloading tax payments in 2010 was reflected in reports, but now in 2011 after upgrading quickbooks and using one click for downloading tax payments aren't showing in reports?
Hi there!
I would recommend that you review your export settings (Payroll Setup> Export Preferences) to see to which account you have your payroll going to. Anytime you upgrade QuickBooks or purchase another accounting software, you do need to go over the Export setup and ensure there is a connection between the two.
Basic Information on exporting of tax payments: When you transfer a tax payment to QuickBooks, the transaction is recorded in the corresponding QuickBooks tax liability account and reduces the liability. For example, a payment for federal payroll taxes (941) reduces the balance in the QuickBooks account listed for this liability. The transaction also reduces the balance in your QuickBooks checking account.
Thanks for posting your question and being part of the Intuit Community! I hope the above information answers your question. Please mark this as solved if it did or give a Thumbs Up, as it will help other Community Members and Visitors as well! If not, please post more questions that I can answer for you.
Please help me improve my performance by answering a short survey that will be emailed to you from the community.
