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R
Ruth110
January 3, 2024
Question

Paystub YTD is not correct

  • January 3, 2024
  • 1 reply
  • 0 views

I ran our last 2023 payroll closing date Dec 2023, issued checks for paid Jan 7.  The pay stubs with that check do not have YTD values on it??? I know it is going to be paid in Jan 2024 but the pay period ended 12/31/2023 and the stub for that check should have the 2023 YTD values and it does not. My second question is my tax reporting and values going to contain this last checks values for 2023????

 

I am using QB Desktop Pro Plus 2022.

 

What happened?  I my software set up incorrectly??

1 reply

BigRedConsulting
BigRedConsulting
January 3, 2024

YTD numbers are based on the paycheck date, and are the sum of payroll for that date's year - for each line item on the pay stub.

 

Similarity, all payroll tax forms and other payroll reporting to agencies is based on the payroll date (the paycheck date). The pay period is not relevant.

 

So, for example, your Jan 7, 2024 paychecks will be included on your 2024 W-2's, not your 2023 W-2's.

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