Free Trial: TheSiteFactory.com

Payroll Reporting (ADP, Paychex) for Financials

Any non-Tax accounting topics go here.
#1
Bob A  
Posts:
266
Joined:
2-Mar-2015 5:56am
Location:
FLA
I'm curious, if you don't mind, if any of you simply report Grand Total payroll (from 941's for example) vs Salaries and Wages separately from Employer Payroll Taxes, on Income Statements and then on the tax return. In other words, no breakdown, just one line (i.e. Payroll). ty
 

#2
Posts:
1633
Joined:
24-Apr-2014 7:54am
Location:
Wisconsin
It depends. If the client will be doing any real financial statement analysis (with my help or without) then I will make sure that they are broken out unless I know that they would prefer to see them combined. I'm pretty flexible.

Tax reporting purposes are absolutely different. I will take whatever the trial balance says and make tax-only AJEs to split between officer wages, non-officer wages, payroll taxes, etc for proper reporting on the tax return.
 

#3
Bob A  
Posts:
266
Joined:
2-Mar-2015 5:56am
Location:
FLA
ok donut, I see your point ty
 


Return to General Accounting



Who is online

Users browsing this forum: juro and 21 guests