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941 Line 7 Fraction of Cents

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Posted on by sruiz3163

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I am having a problem with the Fraction of Cents on our 941. For Q2, It has a balance of (987.22). I know this is incorrect. We have normal differences of less than $2/+-. I have pulled every report and script that I can think of or find on the internet to try and determine the issue.

We did move in YTD values as we acquired this company. However, I used the 3/28/2019 date for anything pertaining to the YTD, so this should not affect the quarter 2 reporting. Does anyone have any experience with this?

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Sherlene Sorenson 965 on at

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RE: 941 Line 7 Fraction of Cents

Hello Sheila,

You have likely resolved this by now, but in case it haunts you again for 3rd quarter or year-end, I would suggest doing a year-end close and review the W2 Validation report in the Print W2s window. This may pinpoint who has the issue for you. (Be sure you remove the year-end close to be able to post adjustments and continue payrolls for the year.) Otherwise I use a reconciliation process to verify taxable wages are correct. Please feel free to message me if you would like more details about that.

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