Looking at my company's Quarterly Tax Report and in the State and Federal total areas, the YTD Calculated Tax Totals do not match the YTD Tax Liability Totals. Shouldn't they be the same?
Yes, the Calculated Amount is the wages multiplied by the rate shown in the report. Liability Amounts are what was updated with the payroll. See KB 108514 Year End Reconciling Tips for Sage 100.
Thank you! I tried Googling that phrase "KB 108514 Year End Reconciling Tips for Sage 100" but nothing populated. How do I find this resource?
Thank you! I tried Googling that phrase "KB 108514 Year End Reconciling Tips for Sage 100" but nothing populated. How do I find this resource?
Search for it in the Sage Knowledgebase here.
https://support.na.sage.com/selfservice/microsites/msbrowse.do?UMBrowseSelection=SG_SAGE100ERP_1
Thank you for your help!!
*Community Hub is the new name for Sage City