Print SOC SEC and Medicare Reconciliation Report

Use this screen to print a reconciliation report listing for each employee's paycheck within the selected date range, all employees' Social Security and Medicare eligible wages, the Social Security and Medicare liability on the Social Security and Medicare eligible wages, Social Security and Medicare Withheld, and any Social Security and Medicare differences.

If a difference is printed for any employee, investigate it and make adjustments, if required. Some normal rounding differences can be expected, a maximum of $.01 per paycheck per employee.

Print this report after each payroll is posted, whenever the social security and/or Medicare Computed Employee's Withholding and Employee's Withholding from Earnings on the Federal Quarterly Payroll Tax Report do not agree, and as part of the Close Payroll Year process.