BALANCE SHEET SUPPORT SCHEDULE - PAYROLL & PAYROLL TAXES
Payable For the Month of _______________________________
Payroll Payable
Balance This Month This Year
Balance This Month Last Year
Balance per Balance Sheet
$___________
$_________
Balance per Balance Sheet
$___________
$_________
Balance per detailed wage register
For the Week of ________
____________
__________
Adjustments ___________
____________
__________
Total Wages Payable per Register ____________ __________
Total Payroll Payable
____________
__________
Detail totals must agree with Payroll Payable on Balance Sheet.
Most companies pay their employees one to two weeks after the work was done. This is a liability to a company and must be presented on financial reports as such.
This schedule supports amount on balance sheet or in the general ledger, and compares payroll registers to liability balance. Payroll Taxes Payable
Balance This Month This Year
Balance This Month Last Year
Balance per Balance Sheet
$___________
$_________
Balance per Balance Sheet
$___________
$_________
Balance per State & Federal Payroll Tax Schedules:
Federal W/H Liability FICA Liability FICA W/H Liability FUTA Liability
____________ ____________ ____________ ____________
__________ __________ __________ __________
Total Federal Payroll Tax Liability State W/H Liability State Unemployment Tax Liability State Disability Tax Liability Other State Payroll Tax Liability (list) Total State Payroll Tax Liability
____________ ____________ ____________ ____________ ____________ ____________
__________ __________ __________ __________ __________ __________ $__________
Total State & Federal Payroll Tax Liability $____________
Detail totals must agree with Payroll Taxes Payable on Balance Sheet.
Prepared by _______________________
Date _____________
Reviewed by ______________________
Date _____________