cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Established Member

my payroll expense account does not match my w2's

my payroll expense account does not match the amount of my w2's

3 Comments
Established Community Backer ***

Re: my payroll expense account does not match my w2's

It should be higher. Payroll includes not only gross wages but also can include employer share of 941/940 and state unemployment unless you specifically redirect these to taxes and/or insurance. Speaking of insurance, workers comp is insurance but could be rolled into gross payroll.

 

You can run a detail report of the payroll account to determine exactly what is pisted and when

Established Member

Re: my payroll expense account does not match my w2's

The accountant says that the payroll expense account and the gross amount on the w2's should match

BRC
Established Community Backer ***

Re: my payroll expense account does not match my w2's

They will rarely match.  Your expenses include company paid taxes and other benefits that are not included in Box 1 or any other box.