Posting Electronic Payments


B

BP

Quickbooks 99
My state (MA - US&A) has mandated that all business filings and payments be
done electronically starting Jan 1st. I have set up my web account and my
bank's transfer information as required. Payments are now made directly out
of my business checking account to the state.
Today I filed my first withholding report and payment. What is the best way
to record this transaction in Quickbooks? I just tried using the Payroll>Pay
Liabilities function and unchecking "to be printed" before clicking OK.
Works fine, but posts as a check with a check # that screws up the check
number order. Is there a better way?
 
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?

!

Leave it "To Be Printed", then enter "Direct" or something similar in
the bank Register in the check# field.
 
B

BP

Sounds simple enough. Thanks.

! said:
Leave it "To Be Printed", then enter "Direct" or something similar in
the bank Register in the check# field.
 
N

N Owen

Quickbooks 99
My state (MA - US&A) has mandated that all business filings and payments be
done electronically starting Jan 1st. I have set up my web account and my
bank's transfer information as required. Payments are now made directly out
of my business checking account to the state.
Today I filed my first withholding report and payment. What is the best way
to record this transaction in Quickbooks? I just tried using the Payroll>Pay
Liabilities function and unchecking "to be printed" before clicking OK.
Works fine, but posts as a check with a check # that screws up the check
number order. Is there a better way?
Just remove the check # before save & close. Or use EFT or some such
reference instead of check #. But, do NOT leave as "to be printed" as other
poster stated.

HTH
 
?

!

Both methods work, unless there is something really unique about the
way you pay liabilities in your state. Note that Owen's method
requires that you select the option to "Review liability check", not
the option to "Create check without reviewing".
 
B

BP

Got it.
Now a follow up: do newer versions of quickbooks handle E-payments? Or is
this (solution) what everyone is doing?
QB99 has done everything I need to do for my business accounting up to this
point. I don't usually update software until I need some missing
functionality.
 
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?

!

No changes in this function. QB handles this just fine, in my
opinion.
 
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