Payroll Credit for Non Cashed Checks

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We received a Payroll question from Kate. They received a Payroll Credit for non-cashed checks from the Payroll service company. The question was referring to how to record the transaction.

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Below is our reply to:

Payroll Credit for Non Cashed Checks

If you still owe the money and are just going to reissue the check, post the credit against a BS Liability account and when they are reissuing the payment, the offset will wipe it to $0.  The payroll expense has already been accounted for.

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