Employee & Employer FICA reporting different amounts

The system uses the general ledger account codes for calculating the tax responsibility report. Not having different general ledger account codes set up for FICA, Medicare & FUTA will cause the reporting to be incorrect.

To correct, use separate general ledger account codes for tax liability accounts.


Was this article helpful?
0 out of 0 found this helpful
Have more questions? Submit a request

Comments

0 comments

Article is closed for comments.