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- Balance Sheet does not balance after entering Covid sick pay credit on new line in Lacerte income screen.
Balance Sheet does not balance after entering Covid sick pay credit on new line in Lacerte income screen.
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pheying
Level 1
03-01-2021
08:00 AM
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Noticed it is doing an M-1 adjustment for the sick pay amount. Per IRS FAQ's "include in other income & retain wage expense". Am I missing something else that needs to be entered to get the return to balance or is Lacerte still in the process of updating the software to handle the sick pay credit?
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