Viewing W-2 Balancing reports

  1. Payroll > Administration > Reports.
  2. In the US Regulatory pane, click Tax Balancing.
  3. In the Report pane, click View Balancing Reports.
  4. Open a record with Year End Report type and a Complete status.

    Variances are computed by comparing the calculated value of the action and the value generated in the W-2 run.

    The Generate W-2 Balancing report uses the same criteria from the selected W-2 run.

    • When the job used to run W-2 has no Balancing Quarter, then the report accumulates the federal, state, local, Medicare and social security amounts for the entire year, from Quarter 1 until Quarter 4.
    • When the job used to run W-2 has a Balancing Quarter, then the report accumulates the federal, state, local, Medicare and social security amounts for the specific quarter only.