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Subject Author Date
Quickbooks and payroll processing Kevin 07-05-2008
Posted by Kevin on July 5, 2008, 9:40 pm
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 I'm using QB Pro 2003 and DO NOT have a subscription to their payroll
service. I do, however, use the payroll feature to create checks. So I've
filled out my federal return form 941 and I owe 100.63 (fictional
numbers...) except QB says I owe 100.62 - rounding issue. I used the QB
feature to fill out the 941 form, despite the fact that I can't actually
send that in. And at the end of the interview, it tells me that the two
figures do not equal and gives me the option to adjust, which I do by one
penny. Now the interview is balanced, I save it and to "Pay payroll
liabilities". From the window I select all of the federal items and guess
how much QB says I owe? You guessed it...$100.62! What gives? What happened
to that adjustment I put in during the interview?



Posted by Haskel LaPort on July 6, 2008, 9:11 am
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> I'm using QB Pro 2003 and DO NOT have a subscription to their payroll
> service. I do, however, use the payroll feature to create checks. So I've
> filled out my federal return form 941 and I owe 100.63 (fictional
> numbers...) except QB says I owe 100.62 - rounding issue. I used the QB
> feature to fill out the 941 form, despite the fact that I can't actually
> send that in. And at the end of the interview, it tells me that the two
> figures do not equal and gives me the option to adjust, which I do by one
> penny. Now the interview is balanced, I save it and to "Pay payroll
> liabilities". From the window I select all of the federal items and guess
> how much QB says I owe? You guessed it...$100.62! What gives? What
> happened to that adjustment I put in during the interview?


Haskell guesses the adjustment line on the 941. Hard to answer without
looking at the completed form. Did I win a prize?



>
>


Posted by Laura on July 6, 2008, 9:49 am
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> I'm using QB Pro 2003 and DO NOT have a subscription to their payroll
> service. I do, however, use the payroll feature to create checks. So I've
> filled out my federal return form 941 and I owe 100.63 (fictional
> numbers...) except QB says I owe 100.62 - rounding issue. I used the QB
> feature to fill out the 941 form, despite the fact that I can't actually
> send that in. And at the end of the interview, it tells me that the two
> figures do not equal and gives me the option to adjust, which I do by one
> penny. Now the interview is balanced, I save it and to "Pay payroll
> liabilities". From the window I select all of the federal items and guess
> how much QB says I owe? You guessed it...$100.62! What gives? What
> happened to that adjustment I put in during the interview?

First, I am trying to figure out how you can process payroll checks and tax
liabilities without a payroll subscription..On my laptop without the PR
subscription enabled I don't even have that tab available. Are you using a
sample file that has payroll enabled?

If you did an adjustment then go back and make sure the adjustment has an
effective date of 6/30/08. By default the effective date will be the date
the adjustment was made which means that it could be in an different
quarter.

The payroll form and tax payments are run separately. Do the payment first
and the 941 will pick it up as a deposit already paid. It should pick up
that 0.01 difference on line 7's adjustment line for "fractions of cents".
It should not have prompted you to do an adjustment so I am not sure what
payroll functions you are working with since you said you do not have a
subscription service.


Posted by aps on July 7, 2008, 12:02 am
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>I'm using QB Pro 2003 and DO NOT have a subscription to their payroll
>service. I do, however, use the payroll feature to create checks. So I've
>filled out my federal return form 941 and I owe 100.63 (fictional
>numbers...) except QB says I owe 100.62 - rounding issue. I used the QB
>feature to fill out the 941 form, despite the fact that I can't actually
>send that in. And at the end of the interview, it tells me that the two
>figures do not equal and gives me the option to adjust, which I do by one
>penny. Now the interview is balanced, I save it and to "Pay payroll
>liabilities". From the window I select all of the federal items and guess
>how much QB says I owe? You guessed it...$100.62! What gives? What happened
>to that adjustment I put in during the interview?
>

Why not update to QB Pro 2008? I know gas is high but if you are using it for
payroll it
is certainly worth $149, isn't it?


Posted by Kevin on July 7, 2008, 8:29 pm
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>
>
>>I'm using QB Pro 2003 and DO NOT have a subscription to their payroll
>>service. I do, however, use the payroll feature to create checks. So I've
>>filled out my federal return form 941 and I owe 100.63 (fictional
>>numbers...) except QB says I owe 100.62 - rounding issue. I used the QB
>>feature to fill out the 941 form, despite the fact that I can't actually
>>send that in. And at the end of the interview, it tells me that the two
>>figures do not equal and gives me the option to adjust, which I do by one
>>penny. Now the interview is balanced, I save it and to "Pay payroll
>>liabilities". From the window I select all of the federal items and guess
>>how much QB says I owe? You guessed it...$100.62! What gives? What
>>happened
>>to that adjustment I put in during the interview?
>>
>
> Why not update to QB Pro 2008? I know gas is high but if you are using it
> for payroll it
> is certainly worth $149, isn't it?
>
It probably would be, except from my understanding, I'd have to upgrade to
Pro 2008 ($199) AND purchase their payroll service for another $199! So
basically paying $400 just to do payroll on one employee since my current
version of QB is perfectly adequate for every thing else I do.



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