Payroll Opening Balances

You can enter payroll opening balances here as after-the-fact checks. Opening balance checks will not affect the general ledger balances or bank reconciliation. Prior wages for a Successor Employer may also be entered in this window.

To enter payroll opening balances or amounts for a successor employer, select Setup>Payroll Opening Balances.

Enter Payroll Opening Balances

Enter the wages, taxes withheld, and any other important data. The check date will determine the liability period for the withheld taxes. If you have multiple checks for an employee that are all within the same liability period, combine them into one check for that liability period. 

Enter Successor Employer Wages

Enter the year-to-date amounts for wages paid by the original entity. Enter all pre-tax deductions also. Do NOT enter taxes withheld. Check the Successor Employer box at the bottom of the window. Amounts entered as successor wages will not be included in payroll tax returns or payroll reports. They are used to calculate excess wages for Social Security, Medicare, State Unemployment, and State Disability taxes.