Process Liability Adjustments dialog

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For payroll compliance (annually licensed)

To ensure that the amounts of liabilities for tax agents match the amounts calculated on tax forms during payroll tax form processing, the application notifies you when there are differences and allows you to make the appropriate adjustment.

Choose Actions > Process Payroll Tax Forms, select the desired clients and forms and then click the Process Adjustments button.

Choose Actions > Edit Payroll Tax Forms, click the Process Client Forms Process client forms button button to open the Process Client Forms dialog, select the desired clients and forms and then click the Process Adjustments button.

Fields & buttons

  • Adjustment grid. The grid displays a list of client IDs, the forms requiring adjustments to cover liabilities, the associated tax types and descriptions, and the amounts of the differences. Click the plus sign next to each row to view the taxable wages, balance due, open liabilities, and (if applicable) the SUI rate for the client.

    Notes

    • For Federal Form 940 and Vermont Form C-101, the grid may display two adjustments to account for both a Credit Reduction (Form 940) and a Health Care Contribution (Form C-101) liability adjustment.
    • For payroll consolidation groups - The grid may display adjustments for both primary and secondary clients in the group. If an adjustment applies to the group as a whole, you can assign it to any client in the group by selecting the client ID in the ID field.
    Only the following fields can be edited.
    • Do Not Create. If you do not want to create a liability for the difference amount displayed for a particular form at this time, mark the checkbox in the Do Not Create column. Leave the checkbox unmarked if you want the application to create the adjustment.
    • Write Off. This checkbox is available only if the tax agent associated with this adjustment is set up to be funded. If you do not want to fund the liability adjustment amount from the client, you can write off the adjustment amount by marking the Write Off checkbox. The checkbox is marked by default if the adjustment amount is less than the write-off threshold amount specified for the impound bank account used for funding. If the adjustment amount is more than the threshold amount, the checkbox will be unmarked by default.
    • ID. This field is available only for adjustments associated with a payroll consolidation group. To assign the adjustment to a different client in a payroll consolidation group, select the client ID in this field.
  • Preview Report button. Click this button to print a report of the information in this dialog.
  • Process button. Click this button to process the liability adjustments that you have specified in this dialog.

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