This section covers reports you should run quarterly to save for your own records and to compare the information on your forms.
Run the Quarterly Earnings Report: The Quarterly Earnings report displays all paycheck information for each employee with subtotals for the selected quarter of the calendar year. Each payroll field is displayed with totals. These totals are included on the 941, and state quarterly forms.
- In Sage 50, go to Reports & Forms, Payroll, and select the Quarterly Earnings Report.
- Click Options to select the desired quarter.
- Click OK to display the report.
Run the Tax Liability Report: Use this report to compare what was calculated in Sage 50 versus what taxes were withheld. It includes subtotals for the 940 and 941 Federal tax forms as well as subtotals for State and Local taxes.
Run the Payroll Tax Report: Use this report to review the payroll taxes for your company. The tax reports that can be printed are: FICA EE, FICA ER, FUTA, MEDICARE, XXSUI ER, XXSDI, XXSSA (where XX represents your state code).
Run the Payroll Exception Report: Use this report to identify and correct employees with incorrect withholdings. The report shows the taxable gross amount, amount withheld, calculated amount and difference, and actual amount withheld (as entered into Sage 50) as opposed to the calculated amount withheld.
