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What report can I use to verify the information on my 940

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Summary

What report in Sage 50 Accounting to verify information on the 940.

Resolution

Tax Liability Report

  • Generate the Tax Liability Report in Summary format for the year
  • Verify that Adjusted Gross and Liability match the amounts in Boxes 3 and 8 of Form 940, respectively

Yearly Earnings Report

  • Verify report totals for FUTA match the information on the Tax Liability Report for Tax Liability
  • Verify that the totals match the 940 for box 8

If there are any differences, audit the Tax Liability Report in detail view and/or the Yearly Earnings report for differences for each employee.

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