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Hello we usually post monthly FUTA/SUTA liablity but mistakenly instead of creating FUTA liablity for DEC2010 period user created liablity Oct 2010 to Dec 2010 and posted GL entry also.
How can we rectifiy issue ? While doing troubleshooting I found that I can create and post FUTA liability again for period Dec 2010 and it create proper GL entry. Is it okay to reverse previous GL entry (for Oct to Dec 2010) and post "Dec 2010" FUTA liability ?
Is it going to affect anything employee Payroll ? Or what is best way to reverse FUTA liability ?
Your earliest reply is hgihly appreciable.