Viewing Tax 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 Tax Balancing Report type and a Complete status.

    A Header record contains a summary report. Each summary report contains a list of legal entities that were processed. Variances are displayed per legal entity.

    • Quarter to Date Summary: This PDF file contains a summary report for all the legal entities that are processed. The totals are based on the selected quarter being processed.
    • Year to Date Summary: This PDF file contains a summary report for all the legal entities that are processed. The totals are based on the Year-to-Date accumulation.
      • When processing for Quarter 2, this report contains totals for both Quarter 1 and Quarter 2.
      • When processing for Quarter 4, the report contains totals for Quarters 1 until Quarter 4.
    • Employer Quarter to Date Summary: This PDF file contains a summary report for a specific legal entity. The totals are based on the selected quarter being processed.
    • Employer Year to Date Summary: This PDF file contains a summary report for a specific legal entity. The totals are based on the Year-to-Date accumulation.
      • When processing for Quarter 2, this report contains totals for both Quarter 1 and Quarter 2.
      • When processing for Quarter 4, the report contains totals for Quarters 1 until Quarter 4.
  5. On the Wage Variances tab, view the total variances for the Federal and Medicare Taxable Wage.

    When a specific legal entity is opened, the list of employee details is displayed.

  6. On the Gross To Net Variances tab, view the variances calculated for gross to net based on the employee payment.
    The variances are accumulated based on all employee payments regardless of the legal entity.
  7. On the Balancing Variances tab, view the variances for the tax amount of employer and employee paid Medicare and Social Security deductions.
  8. To view employee details, perform these steps:
    1. Select and open a legal entity.
      Each tab contains calculated values per employee.
    2. To display employees with variances, click the Gross To Net tab.
    3. In the Variance column, click the condition.
    4. Select Is not Empty.
      All Employees whose variance is not 0 are displayed.