How can I reconcile my bank withdrawals with my 7shifts Payroll reports?

Question

How can I reconcile my bank withdrawals with my 7shifts Payroll reports?

Answer

When you submit payroll through 7shifts Payroll, the following amounts are withdrawn from your linked bank account:

  • All Employee (EE) Taxes: This includes all federal, state, and local taxes withheld from your employees' paychecks, regardless of whether they are paid by direct deposit or check.
  • All Employer (ER) Taxes: This includes your portion of payroll taxes, such as Social Security, Medicare, and unemployment taxes, regardless of payment method.
  • All Direct Deposit Payments: This covers the net pay amounts deposited directly into your employees' bank accounts.

 

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