- Federal Withholding

Federal Withholding type payroll items are mandatory. There can only be one item with this type in each company file..

Lookup—Enter a brief identifier for the payroll item. It can be any desired alphanumeric combination. Each Lookup must be unique. It should not be more than seven characters.

Description—Enter a meaningful description in this field. 

Liability Account—Select the appropriate general ledger account that should be credited for the tax. If you want the system to create a payable invoice for this deduction you must select a liability classification account.
 

Payable To—Select the desired payee if you want the system to create a payable invoice for this deduction.