Hi there, mightymicks. I’m here to help you verify your payroll settings to ensure your taxes are accurate.
QuickBooks calculates your paychecks based on the payroll information you've entered. If you believe your paycheck taxes are incorrect, it might be due to one of the following reasons:
Also, you can run a tax and wage summary report for you to ensure that the deductions and contributions are correct.
If you missed a payroll from a previous pay date and created it after processing the current period, you'll notice that the previous YTD amounts are higher than those on the current. This is normal and does not indicate an error. This will always reflect correctly on the most recent paycheck created, regardless of the pay date.
Furthermore, you can run a payroll report for you to get a closer look about your business finances in QBO.
If you have any further concerns or need additional assistance with your payroll checks, please comment on this post. I’m here to help.
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