Payroll Reports

Question 0

What are year to date reports?

Answer 0

Provides a single source document for employees’ year to date wages, total compensation, withholding taxes, and adjustments

Question 1

What is a time sheet?

Answer 1

A worksheet clients can use to record and report current payroll information to their payroll specialist

Question 2

What are employee earnings record?

Answer 2

Separately lists all payroll activity for each employee and includes both payroll and personnel information

Question 3

What are paycheck and earnings statement?

Answer 3

This provides the employee with a record of hours, earnings, withholding taxes, adjustments, and net pay for the current payroll period and year to date accumulations of these payroll figures

Question 4

What are department summary?

Answer 4

Provides the liabilities and expenses the client needs to post payroll transactions to the general ledger

Question 5

What are cash requirements?

Answer 5

List the cash required for the client to have an hand to cover all aspects of payroll and the tax deposits he must make or Paychex will make for him

Question 6

What are payroll journals?

Answer 6

List all employee activity for the current payroll period