Has anyone figured out how to key this into Lacerte properly? Or is everyone just ignoring the box under Salaries and wages where you are supposed to enter the employee retention credit amount? I have the same problem many of you described in the 1120S module.

My client has wages of $487,000. Client is eligible for $25,000 ERTC, which we have amended 941 for. I recorded an entry to the books to debit a receivable and credit Salaries Expense. Now my books show total wages of $462,000. In Lacerte, I put $487,000 in the Salaries and wages box and $25,000 in the Less: employee retention credit box. Line 8 of 1120S correctly shows wages of $462,000. However, M-1 line 1 does not tie to book income. Instead of showing a loss of $160,000, it shows a loss of $185,000 because it isn't taking into consideration the fact that I have already reduced wages in the books by $25,000. Instead, it has an addback on line 3 for "Wages/Costs for Employment Credits" of $25,000. 

What am I missing here? As others have said, if I ignore the box that says Less: employee retention credit and don't put anything there and instead just key $462,000 as Salaries and wages, then the numbers on the 1120S, Balance Sheet, and M-1 all make sense to me. So is Lacerte not handling this right, or am I missing an entry somewhere?