3 Painless Steps: Pulling Audit Reports
3 Painless Steps: Pulling Audit Reports
Sure thing! Here is how to pull your audit reports.
Your auditor will ask for payroll reports that cover your policy period. These three reports come from iSolved and cover most of what the auditor needs. To begin, log in at https://ibs.myisolved.com.
Report 1: Employee Workers Comp Summary, Date Range
Go to Reporting, then Client Reports, and search "Workers." Select Employee Workers Comp Summary, Date Range. Enter your policy dates on the right side, for example 03/04/24 to 03/04/25. Then select Generate Report on the black bar and Go To My Reports Queue. This report shows each employee with their class code and job description, plus the premium paid for each code.
On the My Reports Queue screen, you may need to select Refresh on the black bar until View Link appears all the way on the right.
Report 2: Periodic Payroll Register
Go to Reporting, then Client Reports, and search "Periodic." Select Periodic Payroll Register. Enter the same policy dates and check the box at the bottom that says Include Employer Taxes. Then select Generate Report on the black bar and Go To My Reports Queue.
Again, you may need to select Refresh until View Link appears on the right.
Report 3: Federal 941 and Florida Unemployment (RT-6)
Go to Reporting, then Return Archive. Choose the year and the period, and select Filter on the right side. A list of reports will appear. You can select them all and choose View Selected Reports, or open them one by one under the View Report column. Download each quarter your policy touches, even partly. For example, if your policy runs June 2023 to June 2024, you will need Q2, Q3, and Q4 of 2023 and Q1 and Q2 of 2024. Select Filter again between quarters so the system refreshes.
When you have all three, send them to your auditor, or to us if we are working through the audit with you. The auditor may also ask for subcontractor certificates, exemption certificates, and a check register. You will find the full list in "Work Comp: Annual Audit."
If you have any questions, please feel free to contact us at workcomp@ibusinesssolutions.com or call (941) 487-7275, ext. 3. Our business hours are 9:00am-5:00pm ET.