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Video instructions and help with filling out and completing Form Tax 940

In this presentation we're gonna reconcile our ear informs our 940 ones our 940 our W threes and our w-2s as well as our payroll register and our earnings records for more accounting information and accounting courses visit our website at accounting instruction dot info we in essence want to be as secure as possible that all of these reports are filled out as well as possible and that'll save time because if they're not filled out well most likely we'll be going back and digging in in them to fix problems in the future which can be very cumbersome task it's much easier to get it right the first time when we fill this stuff out so it's worthwhile to kind of verify everything as best we can before checking turning everything in and and the easiest thing we can do or one of the best verifications is just to be able to reconcile what we have we should be able to look at our numbers and say I see how these things relate I see where these numbers are coming from and then if we find an error at least we know what what we did we know what stuying out and we can then have a better idea of how to fix it so once again we're good we have our payroll register we're gonna scroll up top and make sure the panes are frozen because we will be looking at the totals at the bottom we're gonna put our cursor on a four then go to the View tab the windows group and freeze the panes and we are really going to be working down at the bottom here to our reconciling screen and looking at this information for the earnings records and the will the payroll register and the earnings records so then we're gonna go back to our forms here so the forms that we have are going to be the 940 and the 940 ones now first we can look at this item here and say ok here's the the 241 201 which is total earnings and we might think that that should match out to the 940 ones but that's not necessarily the case let's go back to the 940 1s and see if we can reconcile those items so if we go to 940 one so you've got the wages and tips and their compensation this is for the third quarter we're gonna add up the four quarters of that number and see what it comes out to and see how we could reconcile that possibly to the year-end 940 so if we have the calculator here we're gonna say that the 940 1s add up to 9 1 4 2 4 point 1 plus and then that's we're gonna go to the fourth quarter so here's the fourth quarter 940 and we only have two quarters because that's when we started operations and we're gonna pick up the 135.