Checklist of Year End Time Sensitive Tasks to be Completed - CCIM

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Checklist of Year End Time Sensitive Tasks to be CompletedTaskDescription Things to Consider Page#Check Mark9 Edit and Futuredate Federaland ProvincialPersonalExemptionsYou may updatethe TD1 valuesnow and futuredate the entries tobegin with the firstdate of the first payperiod of 2013.Check the CRA websitefor 2013 values. Youmay want to askemployees if they wisha TD1 value other thanbasic. Rememberwhen updating valuesto use the first date ofthe first pay period of2013. If you wish to runthe Federal andProvincial TD1 Reportsfor the current year tosee current values, thereports must be runprior to closing the lastpay period of the yearas values by defaultreturn to basic with thefirst pay period of theyear.100-10110 Edit and Futuredate EI reducedrates, EHT,WSIB, UnionDues, Benefitand PensionPlan rates andYMPE?You may updatethese rates nowand future date theentries to beginwith the first date ofthe first pay periodof2013.Remember whenupdating values to usethe first date of the firstpay period of 2013.105,106,112, 113,13511 Delete Extra PayPeriods in thecurrent year ifrequired.Delete pay periodsif there are morethan required. Usecaution – youcannot reverse thedeletion.Must be completedbefore the extra payperiod is processed.93-9612 Create a NewPay roll YearA new pay roll yearmust be creatednow or beforeclosing the last payperiod of thecurrent year.Create a new pay rollyear, add StatutoryHolidays and edit payperiods if required.77-90
Checklist of Year End Time Sensitive Tasks to be CompletedTaskDescription Things to Consider Page#Check Mark13 Defining RetroDates for PriorYearIn order for thesystem to correctlyprocess prior yearretro in the newyear, you mustsetup dates thatdefine what isconsidered "prioryear."This only needs to beconsidered if anychanges have beenmade to your retro date.This needs to be doneprior to running theretro.134TTO BBEE CCOMPPLLEETTEED AAFFTTEERR TTHEE LLAASSTT PPRROCCEESSSSI ING OFF TTHEE YYEEAARR AAND PPRRI IORR TTOCCLLOSSI ING TTHEE LLAASSTT PPAAYY PPEERRI IOD OFFTTHEE YYEEAARRTask Description Things to Consider Page#Check Mark14 Process PA, T4and T4AIt is recommended toprocess the PA, T4and T4A processesat this time.These processes mustbe run before you cancreate reports.39-4315 Verify T4/T4AInformationRun the T4 and T4AEdit reports and thePension Annualreport and use themto verify theaccuracy of yourdata.Compare totals to theCRA Remittancereport, this should bepart of your regularpay roll auditingprocess.45-51
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Checklist of Year End Time Sensitive Tasks to be Completed - CCIM

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