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qbteachmt
Level 15

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This might be the issue: "whose pay is based on timesheet entires are incorrect"

 

Because a lot of payroll clerks do not understand how Dates are applied here.

 

The timesheet has Days Worked and the Paycheck is for that Pay Period = dates that fall in the pay period. but the Paycheck is the Financial activity. Taxes are only owed because the Money happened. That means the Pay Date is what applies for purposes of the 941.

 

Example: The first paycheck in Oct is for the second half of Sept (1st-15th) and that makes it the 4th Quarter 941 and that makes the Liabilities October liabilities, and if you are a monthly payer, that is due by Nov 15th.

 

Evaluate everything by date; you might have been working off of Pay Period, as if that applies to the 941. It doesn't use that. It uses Pay Date. Run your Payroll Summary report for October, to see Oct 941 data; there is no Timesheet Date relationship to this. It is Money that matters, not Dates Worked.

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