Medlin Reports

[spanel]

Does anyone know how to do one payroll report will all current liabilities?

For example.. if we are in Feb.. I want Feb 941's, Jan-Feb Quarterly Unemployment & Jan-Feb 940 Fed Unemployment?

thanks

Chris

[Jiggers]

Calculator, pencil, & paper. The old fashioned way.

[JoshinNC]

What?!!!

Calculator, pencil, & paper. The old fashioned way.

Next you're gonna tell me to get up to change the channel on my tv!

[arlo]

payroll

Long time since I did payroll. But I believe that deposit requirements are based on the amount of payroll taxes collected
They could be deposited weekly monthly or quareterly depending on liability. Reports are made Quarterly. Jan-Mar,
April-June etc

[taxxcpa]

The original question seems to be asking how to determine the accrued payroll taxes due for FUTA, SUTA, and FICA. If you have payroll software, it might do it. Otherwise you could use an excel worksheet to show each pay period's pay, cumulative pay, pay subject to tax (excuding pay after reaching the FUTA, SUTA or SS Max.) The taxable pay could be multiplied by the applicable percentages.
Then, for accounting, you would have an entry for the Employer's share as a debit to the appropriate Tax Expense account, and a credit to the appropriate Tax Payable account.

The Employee portion should have been made when recording the payments, debiting Payroll Expense and crediting the tax payable accounts with a remaining credit to the Cash Account from which they were paid.