If you have enrolled for QuickBooks desktop enhanced payroll, then you must have e-payment facilities for paying tax liabilities. You must ensure certain prerequisites as below:
- QuickBooks Desktop Enhanced Payroll Subscription.
- A Stable Internet Connection.
- And updated QuickBooks Payroll and E-pay should be Set up.
With these, you will be able to e-pay the tax liabilities of the business to relevant agencies in a seamless manner. But since you are looking for changing the bank account for making the e-payment of tax liabilities, so you must have payroll and e-pay services already set up. Under next heading, we will look into the process steps of changing the bank account for making tax e-payment.
Process Steps for Changing the Bank Account used for the E-payment of Tax Liabilities
You can follow the below steps to change the bank account which you use for the purposes of e-payment of tax liabilities in QuickBooks:
Step 1: First of all, click on Employee and then move on to the Payroll centre. In the payroll centre, you need to go to the Pay Liabilities tab.
Step 2: In the Pay liabilities tab, go to the other Activities list, and click on change the payment method to open the QuickBooks payroll setup, and click on continue.
Step 3: Now choose the Bank account you wish to use and click on Edit. Now enter the account and routing number and then click on Finish.
Step 4: For removing the previous Bank account click on the Bank account that you no longer want to use and click on Edit. Now ensure that you leave the account and routing number fields blank and click on Finish and then finish later.
There are some frequently asked questions and answers for your reference purposes. Let us look into them one by one.
How can I Pay the Tax Liabilities online through QuickBooks?
You need to go to the Account details section, click on Tax and National Insurance account, enter the amount of the tax liability and click on save.
How can I Enter the Tax Payments in QuickBooks?
Click on Taxes from the let menu > click on Payments > then click on Record payment > choose the correct bank account > enter the payment date, amount, memo and click on save.
How can I Void the Tax Payment in QuickBooks?
You should first go to the Taxes tab > click on Payments under sales tax > click on the drop-down arrow beside the view tab and click on Delete. After that, click on yes on the confirmation screen.
How can I Edit the Tax Payment Entered in QuickBooks?
Go to Taxes > Payroll tax > choose View Tax payments, that you made earlier under the Taxes heading> select the name of the tax payment and change the details that are required.
How to Enter an E-Payment in QuickBooks?
GO to Employees > Payroll centre > pay liabilities > pay taxes and other liabilities > choose the tax liability to be paid and click on pay button> click on E-pay. Ensure to review and verify the details before making the payment.