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The Complete Idiot's Guide® To Accounting by Lita Epstein, Shellie L. Moore

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Preparing Employee Ledgers

Before you can even start preparing the quarterly reports, you first must make sure your employee ledgers are up-to-date. We’ll assume you have posted to all employee ledgers and now just need to pull the quarterly information together.
Let’s revisit the records of the three employees we introduced in Chapter 13. Just to make it easier to work with these numbers for reporting purposes, we’re going to assume that $1,300 represented taxable wages and tax exempt benefits have already been taken out of the numbers.
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BIZ TIPS
You do need to track employee benefit contributions in the ledger even if they are not taxable, ...

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