The First Payroll of the Year can be Tricky

Print the Payroll Summary for the last payroll of the year for both employees and employers.

In QuickBooks:
Select Employees -> Get Payroll Updates -> Verify that your tax table version is 21201.
If Not? Select Update in that window.

When you run Payroll next week, please make sure that the EmployER Social Security is MORE than the EmployEE Solial Security.
IF they agree? We have a problem.

NOTE: 
In the final example,

  • EmployEE Social Security is 66.76 in the middle section.
  • EmployER Social Security is 98.55 in the bottom section.


Image examples:




Thanks For Reading! 
Good Luck everyone!

Got a QuickBooks Mess?
Call the QuickBooks Gal!
775.348.9225


Comments

Popular posts from this blog

How to "Un" Apply Credits In QuickBooks

Employee Salary/Wage Rate Report

Qbb, Qbm, Qbx, or Qbw - What's the Difference?