Jan 28, 2014 · Hi, In my software package that uses double entry accounting I would like to record a refund from the IRS. The refund is marked on the check as: 03/2013 F-941 REF 01 06/2013 F-941 REF01 That refund was due to an overpayment to the IRS towards payroll taxes - SSA (wrong calculations on my...

Mar 13, 2009 · Shouldn't a 941 refund check be posted to 3 separate tax accounts? This is just a sample. I would normally ask that it be posted to 471, 461 & 463 below, because the 941 refund is a combination of all 3. What would be the cons or reprecutions for posting all to one account code? PAYROLL & WITHHOLDINGS (430-459) 431 Accrued Wages 435 Vacation