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Should you affect your accounts when adjusting liabilities?

Do not affect your account balances if you have done either of the following:

  • Previously used a general journal entry to adjust your liability for one or more payroll items

  • Paid your payroll liabilities with the Write Checks window

In the Affect Accounts window, click "Do not affect accounts," and click OK.

Affect your account balances if you are doing either of the following:

  • Adjusting your liability because of rounding differences

  • Entering a credit or expense for your payroll liabilities

In the Affect Accounts window, click "Affect liability and expense accounts" and click OK.

If you adjusted an amount withheld from paychecks, enter the name of the expense account (such as Payroll Expenses) to offset the change in the liability account and click OK.

See also

KB ID# H_PAY_AFFECT_PAYROLL_LIAB_ACCTS
12/2/2016 4:17:20 PM
QYPPRDQBKSWS05 9138 Pro 2017 1e45f1