Dillner's Accounting Tools > section > Setup
State Withholding type payroll items are mandatory for companies in states that have withholding tax. You may have only one item of this type for each applicable state in a company file. Lookup—Enter a brief identifier for the payroll item. It can be any desired alphanumeric combination. Each Lookup must be unique. It should not be more than seven characters. Description—Enter a meaningful description in this field. State—Select the appropriate State from the drop-down list. Liability Account—Select the appropriate general ledger account that should be credited for the deduction. Any type of account may be selected. If you want the system to create a payable invoice for this deduction, you must select a liability classification account. Payable To—Select the desired payee if you want the system to create a payable invoice for this deduction. Use FWH Wages—Select this option for states which require withholding on wages which are earned out of state and taxed by state in which they are earned. The system will report federal withholding wages in box 18 of the W-2 and calculate withholding for this state based on the federal wages on the check.
- State Withholding
Comments
0 comments
Article is closed for comments.