Skip to content
logo Knowledgebase

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

Created on  | Last modified on 

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
  • Adjusted Gross and Liability should match the information displayed on the 940 for Boxes 3 and 8 respectively

Yearly Earnings Report

  • Report totals for FUTA should match the information on the Tax Liability Report for Tax Liability
  • Totals should match 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.