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Need HELP with Payroll screw-up

Hello

I need some help to fix a mistake a made a few months back in QB. I had received a FUTA refund check from the IRS and I used a "make deposit" to my bank and made it to the payroll liability FUTA account as a credit. The bank account has been long reconcilied.

Now I find I should have used the "Deposit of Refund Liabilities" because the "make deposit" doesn't update my liability accounts...hence QB is giving the wrong info on my FUTA/940 report.

What I WANT to do is change that "make deposit" to at "deposit of refund" but I don't know how or even if I can. I can't just delete the deposit because it will screw up 3/4 months of bank reconciles. argh!

I tried using a phoney asset account but that didn't work either since the "deposit of refund" can only use bank accounts.

Any ideas?

thanks

jom

Reply to
jom
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You have no choice. Delete the deposit - or that check from the deposit, which ever applies.

When you have finished the deposit of refund into your bank account - same day you actually deposited it, go into the bank account register and check it off as reconciled. You just fixed your bank reconciles.

Reply to
Golden California Girls

Thanks for the help!

jom

Reply to
jojo

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