Learn what to do if a federal estimated quarterly tax payment is marked as "overdue," but you already made the payment.
After you make a federal estimated quarterly tax payment, you need to categorize the payment in QuickBooks Self-Employed. If the account you paid from is connected to online banking, all you have to do is categorize the downloaded payment. If you paid by mail or your account isn't connected, add and categorize the payment manually.
If you made a tax payment, but the quarter you paid for still shows up as "overdue" in QuickBooks Self-Employed, don't worry. Here's how to fix the payment so it shows up on the correct quarter and your accounting is correct.
Solution 1: Review the tax payment you made
- In QuickBooks Self-Employed, go to the Transactions menu.
- Look for the tax payment.
- Make sure the payment is categorized for Business as Estimated taxes.
- To make changes, select the type and category from the Type or Category column. Then select a new option.
The payment should now be properly accounted for. Always mark tax payments as Business and categorize them as Estimated taxes.
Solution 2: Move payments to the correct quarter
Make sure the tax payment is matched to the correct quarter in QuickBooks.
- Go to the Taxes menu.
- Select the small arrow icon ▼ for the quarter you paid for.
- Look for your tax payment.
If you don't see the payment in the correct quarter:
- Select the Find your estimated tax payments link.
- Follow the onscreen steps to select and match the correct tax payment.
- Go back to the Taxes menu.
- Look for your tax payment.
The tax payment should be matched to the correct quarter.
Solution 3: Take note of payments you move
If you move tax payments to a different quarter, or change the dates of older tax payments, the totals for each quarter change.
The current quarter may show the tax payment as "overdue" after you move it. As long as the payment is in the correct quarter in QuickBooks Self-Employed and you made the payment, you should be fine.