Welcome to the Community, @2thdrmi. Let me share some information about editing your Form 940 in QuickBooks Online.
The figures in your 940 forms are based on the payrolls that you have run. Since the payment amounts are incorrect, you'll have to perform a correction. If you've manually recorded the tax payment, follow these steps to edit it.
Go to Taxes, then select Payroll Tax.
Go to the Payments tab.
Choose Record tax payments (prior tax history).
Adjust the Date Range to see the tax payment.
After changing the payment, select Details, then Edit payment.
Change the tax payment, then choose Update payment.
However, if you've e-filed it through our payroll service, you'll have to contact our payroll experts. This way, we can pull up your account and perform the correction for you.
Similarly, if you have processed paychecks through direct deposit or sent them to worker's comp, I recommend contacting our representative for assistance.
For paper checks, you can directly edit the amount and run the Payroll Tax and Wage Summary report as a reference to determine the correct amount. To do so, here's how:
Go to Payroll, then Employees.
Click Paycheck list and open the appropriate paycheck.
From the Make adjustment dropdown, select Edit.
Make the necessary changes.
Hit Save.
Once everything is sorted out, let's pull up your Form 940 again to see if the information is accurate.
How can I correct my 940 report to the amount actually paid? I deposited the amount on the EFTPS online website based on the payroll summary report and when I ran the 940 report, it shows an adjustment of $.01 less than the amount actually paid.
To provide you with the best possible assistance, @dhoneycutt-chart. I'll connect you with our expert team specialized in 940 report issues. They'll guide you through corrections and ensure your report's accuracy, addressing your specific concerns directly.
You can follow the steps below to reach out to the support team:
Sign in to your QuickBooks Online account.
Select the Help (?) button.
Select the 'Assistant' tab to get help from QB Assistant, or select the 'Search' tab to enter your question and find help articles.
Check their support hours to know when agents are available.
Additionally, if you would like to take a closer look at your business finances, please check out this link: Run payroll reports.
Should you have further questions about your 940 report or encounter any specific issues with QuickBooks Online, feel free to contact us directly. Your successful reporting is my priority, and I’m here to ensure that happens. Have a productive day ahead!
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