I have a question about entering payroll in QuickBooks Online Payroll and I hope this is a good place to get help. We're trying to run a year-end payroll that reports 2% SH health insurance of $20k and federal tax withholdings (FIT) of $45k (the SH was behind on withholdings). There will not be any regular payroll, net pay should be zero and the offsetting account would be SH loan or contributions. Quickbooks Payroll will not let me have FIT that exceeds the $20k health insurance. If I only enter $20k of FIT then QBO automatically creates an employee loan for that same amount. This treatment is fine but I want to show $45k instead of $20k. Any suggestions?
29-Dec-2023 4:27pm
