Calculate Payroll - Reports
Review reports when calculating payroll checks to ensure accuracy. Payroll checks involve complex calculations, multiple deductions, taxes, and reporting requirements. Errors can be costly in terms of money, legal issues, and employee trust.
Reports help you verify:
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Accuracy of employee pay (hours worked, pay rates, deductions, leave balances)
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Correct tax withholding (federal, state, and local taxes; Social security and Medicare (FICA), and supplemental income is taxed appropriately)
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Employer tax liabilities (Social security, Medicare, FUTA, SUTA, and local employer taxes)
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Compliance and audit readiness (labor laws (minimum wage and overtime; IRS and state tax laws; wage and hour laws (FLSA); ACA and other benefit regulations)
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Benefits and deductions (health insurance, retirement, and other deductions; pre-tax vs. post-tax deductions are classified properly; employer contributions are calculated correctly)
In this section:
How do I review the Calculate payroll report? (2025.02)
How do I review calculated transactions created by running Calculate Payroll? (2025.02)
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