1. Employee Management
  2. Payroll
  3. SuitePeople U.S. Payroll
  4. Payroll Setup
  5. Setting up Year-To-Date Information From Your Previous Payroll System
  6. Reporting Year-to-Date Tax Liability Payments

Reporting Year-to-Date Tax Liability Payments

On the Tax Liability page, you should review the accrued, paid, and unpaid liabilities for your company.

SuitePeople U.S. Payroll uses this information to report and pay unpaid liabilities to tax agencies on your behalf. The payroll service uses your Payroll Funding Account to fund any unpaid liabilities shown on this page. If unpaid liabilities exist, then funding occurs as soon as you commit and liability payments are made based on your deposit schedule.

Before committing tax liabilities, you must do the following:

Important:

You should report any YTD unpaid tax liability payments before running a payroll with the payroll service. Also, cannot commit this information until on or after the service start date you set on the Set Up Payroll page. Your sign-up forms must have been received and processed.

To report YTD tax liability payments:

  1. Go to Setup > Payroll > Set Up Payroll.

  2. Click the link provided to report liability payments you made this calendar year to date.

  3. For each payroll item listed, review the accrued, paid, and unpaid liability amounts.

    • Accrued – Shows the sum of all liability accrued for all committed payrolls and YTD information you have entered year-to-date.

    • Paid – Shows the sum of all liability payments you have made in NetSuite using the Pay Payroll Liability page. If amounts are not correct, you can make the appropriate adjustments here.

    • Unpaid – Shows the difference between the amount accrued and the amount you have paid. This amount is funded by the payroll service for reporting and paying the unpaid liability on your behalf.

  4. Click Commit when you are ready to fund your unpaid liabilities.

    You can view the total in the Total Unpaid Liability field.

Related Topics

General Notices