How to handle tax reconciliation in CORE Payroll?

In some cases, payroll tax amounts can change after payroll has been processed due to updated information or corrections. To address this, Gusto might run a tax reconciliation payroll to ensure that the correct amount of taxes is paid and reported.

When a tax reconciliation payroll is detected, CORE records Taxes Payable and Taxes Receivable entries in the Payroll Source Ledger under Payroll > General Ledger. These entries are also reflected in Payroll Processing Entries, except for certain payable categories that can require manual handling.