January 05, 2015 03:58PM
Here is a copy of the same response given withing the Accounting Forum:

Here are the steps to zero the balance in the Liability account for the Unemployment - State or Federal:

1. Click Accounting - GL - Input Journal Entry.
2. Enter the dollar amount matching balance left in Unemployment Payable for State or Federal. Click the Debit button (assuming this is a credit balance found in the GL).
3. Enter the same dollar amount. Highlight the State or Federal Unemployment Expense account (assuming that accounting books are still open). If not change account on left to Other accounts and highlight the correct Equity Account and click Credit.
4. Enter date for correct accounting year.
5. Enter a transaction memo description.
6. Click Record and Done.

Thanks,

Kathy Cline,
Farm Works Software
SubjectAuthorPosted

unemployment error

MonteithFarmsDecember 31, 2014 11:59AM

Re: unemployment error

KathyClineJanuary 05, 2015 03:58PM



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