Monthly schedule depositor
In accounting, monthly schedule depositor means an employer whose lookback-period tax was $50,000 or less, and every employer in its first year: the federal income tax withheld and both halves of FICA on a month's paydays are deposited by the 15th of the next month.
Authority: IRS Pub. 15 (2026), §11 (opens in a new tab). Sources
The lessons that teach this
From the free founder back-office course, taught on one company's books, with exercises to work it yourself.
What it is not called
Each of these means something else. Use one here and an accountant reading the product notices.
- monthly payroll (the deposit schedule is not the pay frequency)
Components that render the terms it depends on
No component names this concept outright, but it's built from terms that components do name. These render period.
4Swaps & FX
Family spec5Ledger & tables
Family spec- PeriodPickerFiscal-aware. Never assumes January.
- FluxAnalysisPeriod-over-period explanations.
- ProfitAndLossP&L with period comparison and variance.
- ReportHeaderEntity, statement, period, basis, currency, as-of. Every figure states its basis.
- StatementTableThe shared shell: hierarchy, periods, rules.
- StatementToolbarBasis, period, comparison, currency, consolidation.
9Accounting core (GL)
Family spec11Payables (AP)
Family spec12Close, controls & consolidation
Family specAlso in Payroll
Defined in Lexicon. This page is generated from that document, so the two can't disagree.