Creating Payroll Reports
The payroll report created above will provide most of the information needed for this return except for the "Monthly Summary of Federal Tax Liability" needed to complete Form 943. Starting with the previous payroll report (by payees) for the year, Click Customize within the Report window, change Column: to Month in the Display tab and Click Create Report. Or, again within the Report window Click the drop down button for Column:,Click Month and Click Update.
The resulting report gives all the payroll information in a monthly format. The sum of FROM Payroll-FWH, FROM Payroll-FICA and FROM Payroll-MCARE for each month is the employer’s federal tax liability for that month. You can memorize this report by Clicking Memorize within the Report window, name the report Monthly Fed Employment Tax Liability and Click OK. An example of this report is shown on the following page.
The Monthly Fed Employment Tax Liability report follows at the end of this section.