Tax Document Package: Reconciliation Recap

Your tax return copies can be found in the system under Team > Payroll > Reports > Taxes > Tax Documents
FuseConnect content will be posted once Tax Documents are available for the quarter
The Reconciliation Recap (also referred to as the Variance Recap) report inside your Tax Documents package will go over any variances that will need to be collected/refunded
If there is more than one package for the quarter, that means an agency required additional adjustments be made after the original package was created. Please review the recap reports on both packages to ensure you have the full picture of the quarter.

The total amount of the variance can be found at the beginning of the report at the very top

This is the subtotal of the variances listed below, based on whether or not Fuse needed to collect the funds or refund them to your company bank account.
- Negative Number: Refunded by Fuse to your Company Bank account
- Positive Number: Collected by Fuse from your Company Bank account
If you see "No Additional Cash Collections" or "Additional Cash Write-Off (postive or negative)" then the total amount to collect or refund was small enough that you won't see any debits/credits to your bank account

Details about the rest of the columns on the report:

Liability Column: This column shows the total taxes calculated by each tax code
Deposits Column: This column shows the total deposits initiated by Fuse during the quarter
Variance Column
- This columns shows the difference between the Liability and Deposits Column.
- The action taken by the differences depends on what is in the Deposit Type/Cash Type column (see below)
Deposit Type/Cash Type Columns
- Fraction/No Action: The amount is considered rounding and no action will be taken
- Credit/Credit: The amount is negative and will decrease the total amount collected by Fuse. Check the total amount at the beginning of this report.
- Deposit/Debit: The amount is positive and will increase the total amount collected by Fuse. Check the total amount at the beginning of this report.
- Refund: This amount will show up as a credit on the tax return filed. You should expect to see a credit from the agency once they have processed your returns.

Your Tax Document package will include copies or worksheets of the tax returns generated for you each quarter. One report in the package will detail variances and payments. This article will discuss the Reconciliation (Variance) Recap report.