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Payroll Reporting (ADP, Paychex) for Financials
Posted:
18-Dec-2018 2:34pmby Bob A
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
Re: Payroll Reporting (ADP, Paychex) for Financials
Posted:
18-Dec-2018 2:55pmby missingdonut
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.
Re: Payroll Reporting (ADP, Paychex) for Financials
Posted:
20-Dec-2018 3:56amby Bob A
ok donut, I see your point ty