Where to Track Payroll Tax Liabilities and Payments:
Balance Sheet Report:
- Go to Reports > Balance Sheet.
- Under Liabilities, look for accounts like:
- Payroll Liabilities.
- Tax Payable
These accounts show the total outstanding (unpaid) payroll taxes you owe.
General Ledger Report:
- Go to Reports > General Ledger
- Filter by each payroll liability account.
This will show all journal entries and payment transactions related to payroll taxes.
Journal Entries:
- Navigate to Accountant > Journal Entries.
- Review all payroll-related entries manually.
Each payroll approval should include tax liability entries, and each payment should reflect a reduction of those liabilities.