What do I do in AbacusLaw if I make my tax deposit by telephone or electronically?
You will still printout the Firm Payroll Summary report, found in Payroll Reports. You will then do a journal entry under Post Journal Entries, calling the entry a Cash Disbursement. You will debit the liability accounts as listed on the Firm Payroll Summary report. (Remember, the social security and Medicare amounts have already been doubled.) You will credit the cash account from which the funds were drawn.
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- What do I do in AbacusLaw if I make my tax deposit by telephone or electronically?
