In the Workers Comp report (5-1-5-21) in Version 20, the Workers Comp Wages no longer exactly match the real wages as shown on the Federal Tax Report (5-1-3). In Version 19 they matched. Version 20 seems to back into the Wages by looking at the accrual for Workers Comp and the rate, and backs into the Wages. Therefore the wages on the W/C report never exactly match what shows up on the 941, 940 and other payroll reports.
Since our workers comp auditors have to tie the wages reported to the Form 941, there is a potential for errors since the W/C report may not match.
by: Mary S. | over a year ago | Payroll
Comments
The 5-1-3 Federal report is a "taxable" gross $ amount. Do you have a retirement plan in place? The report you should use for comparison with the 5-1-5-21 is 5-1-2-41. Try that and see if you match! :)
We have that problem also our 941 wages and gross workers comp wages will be off in the range of $10 to $500. for no reason that I can determine
It is not picking up vacation, holiday, or sick time....which is how it should be.. workers comp should only pick up actual hours worked...
The Worker's Comp report also does not match the Payroll Check Register. I was told this was because the rounding rules are different between the calculations. Creates a problem for audits