How do I enter payments?
Entering payments records payments received for taxes, fees, penalties, or other balances owed by a business. This helps keep account balances accurate and ensures that payments are properly applied within the system.
You might enter payments to update outstanding balances, process tax return payments, support reconciliation and financial reporting, or maintain accurate payment histories. Recording payments also helps support audits, account tracking, and overall business tax collection management.
Webinar: Business Tax Return FAQs
Fixing a payment that was applied to the wrong return: Business Tax Return FAQs Webinar (At time marker 27m53s)
Entering a payment
1. Open Connect Business Tax Collection > Businesses > Enter Payments.
The current date is the default date.
2. Enter a Business.
3. Enter a Description.
4. Enter an Amount.
You can record the check number and source ID (optional).
6. Select a Tax Return.
Use the drop-down list to select the a tax return to apply the payment to.
8. Click Save (CTRL+S).
The payment is saved to the correct return.
Re-entering a payment that was applied to the wrong return
Complete this step after you have entered a payment adjustment to reverse the payment.
Business Tax Return FAQs Webinar (At time marker 27m53s)
Do this...
1. Open Connect Business Tax Collection > Businesses > Enter Payments.
The current date is the default date.
2. Enter a Business.
3. Enter a Description.
4. Enter an Amount.
You can record the check number and source
ID (optional).
5. Click Manual Allocation Mode (SHIFT+F11).
Now, you can use the allocation grid.
6. Select a Tax Return.
Use the drop-down list to select the a tax return
to apply the payment to.
7. Use the Allocation grid to allocate the
payment amount.
8. Click Save (CTRL+S).
The payment is allocated and saved
to the correct return. To verify the payment is allocated to the correct
return, look up the tax return in Inquiry.
Entering payments and filing return at the same time
Follow these instructions when you have set up the Enter Payment Options to enter payments and file return.
Do this...
1. Open Connect Business Tax Collection > Businesses > Enter Payments.
2. Enter a Business.
The Credit or Zero Balance dialog box displays on the screen.
Click OK to continue.
Note: When you
use this option to enter payments the balance is zero because you will
enter a payment and file a return at the same time.
3. Enter a Description.
4. Enter an Amount.
5. Select a Tax Return.
6. Press Enter again.
The Create Filed Return dialog box displays on the screen.
7. Click Yes.
The Enter Filed Returns form displays on the screen.
8. Enter the filed return.
For more information on entering a filed return, see the help topic titled How do I enter a filed return?
A. Verify the payment amount equals the filed return amount.
You can find the total due on the Tax Return Detail tab. Verify the payment amount matches the total due on the filed return.
B. Click Save (CTRL+S) to save the filed return.
The Enter Filed Returns form closes. The return is filed. The next step is to allocate the payment amount to the filed return.
9. Allocate the amount to the filed return.
For additional information on allocating a payment,
see the help topic titled How
do I manually allocate a payment?
10. Click Save (CTRL+S).
You have entered the business's payment and filed a return.
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