Know Exactly What You Owe, to Whom, and When
Approving a pay run builds a remittance liability for every agency - federal, each state, each locality - with the amount, due date, and agency portal link ready to pay.
Illustrative product view
From pay run to payable liabilities
The moment a run is approved, Fintra recalculates it fresh, locks it, and builds a remittance liability for each taxing authority: the IRS for federal income tax and both halves of FICA, each state for income tax and SUI/SUTA, and each locality for city taxes. Every liability carries its amount, the agency name, a due date, and the agency’s payment portal link.
- Liabilities grouped by jurisdiction level: federal, state, local
- Employee-withheld and employer-owed taxes rolled into the right agency bucket
- Deduction and garnishment payables tracked alongside tax payables
- Open vs paid status with a mark-paid action that is fully audit-logged
- A running total of open liabilities you can reconcile against cash
What Fintra does and doesn’t do here
This split is deliberate: the hard, error-prone part - computing the exact per-agency liability to the cent from every paycheck - is fully automated and traceable, while the movement of money stays under your control and your bank’s security.
Reports that back the deposits
| Report | What it shows |
|---|---|
| Tax liability | What is owed per tax and agency for a period |
| Tax payments | What has been remitted and when |
| Tax & wage summary | Taxable wages and tax per jurisdiction |
| Cash requirements | Total cash needed to fund net pay + taxes + deductions |
| Form 940 | Annual FUTA (full 5.4% credit assumed) |
Inside Fintra
Remittance liabilities share their numbers with the GL export and year-end forms, so the taxes you deposit, the journal you post, and the W-2s you file all reconcile to the same source.
Frequently asked questions
Does Fintra pay my payroll taxes automatically?
No. Fintra computes each liability, groups it by agency with a due date and portal link, and lets you mark it paid. The deposit itself is made by you or a connected provider - Fintra is the calculation and reconciliation layer.
How are due dates determined?
Each liability is stored with its agency and a due date so you can sort by what’s next. Fintra surfaces the total open amount and the next due item.
Can I see historical remittances?
Yes. Liabilities keep an open/paid status with the paid timestamp, and the tax-payments report lists what has been remitted over any period.
What about Form 940?
Fintra produces an annual Form 940 FUTA summary. It currently assumes the full 5.4% state credit (no credit-reduction states), which is documented as a known limitation.
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Never miss a deposit deadline
See how every Fintra pay run rolls up into agency-ready remittance liabilities.
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