With Sage HRMS, year-end requires a little effort to validate the amounts reported for tax filing purposes.
Verify the year-to-date values are correct for gross wages, earnings subject to tax, earnings subject to tax (no ceiling), employer expense, and employee withholding. Two reports you can use to validate this information are Earnings and Hours (select Reports > Payroll > Transaction Reports), and Tax Calculation Analysis (select Reports > Payroll > Transaction Reports).
Compare Earnings and Hours to Tax Calculation Analysis
Using the Earnings and Hours and Tax Calculation Analysis reports, select the Report Type of Calendar Year Totals to retrieve year-to-date information. Use the Report Summary pages and Year To Date columns in the reports to balance the following taxes:
If amounts are incorrect, you can use the Transaction History task to make adjustments.
For more information about using Transaction History:
- Review the online help topic Using Transaction History
- Review the Knowledgebase articles:
