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

More documents

Recommendations

Info

Checklist of Year End Time Sensitive Tasks to be CompletedTask Description Things to Consider Page#Check Mark21 Edit and Futuredate Federaland ProvincialPersonalExemptionsIf this was notcompleted inDecember you maywish to do so now.You may update theTD1 values now andfuture date the entriesto begin with the firstdate of the first payperiod of2013.Or, you can also entervalues with your firstprocessing of the year.If you wish to run theFederal and ProvincialTD1 Reports for thecurrent year to seecurrent values, thereports must be runprior to closing the lastpay period of the yearas values by defaultreturn to basic with thefirst pay period of theyear.TTHEESSEE SSTTEEPPSS MUSSTT BBEE CCOMPPLLEETTEED NOW BBEEFFORREE CCLLOSSI ING YYOURR LLAASSTT PPAAYY PPEERRI IODOFFTTHEE YYEEAARR IFF I TTHEEYY WEERREE NOTT CCOMPPLLEETTEED IN I DEECCEEMBBEERR. .Task Description Things to Consider Page#Check Mark22 Create a NewPay roll Year23 Defining RetroDates for PriorYearA new pay roll year mustbe created now if notalready completed.In order for the system tocorrectly process prioryear retro in the new year,you must setup dates thatdefine what is considered"prior year."Create a new pay roll year, addStatutory Holidays and edit payperiods if required.This only needs to be consideredif any changes have been madeto your retro date and must becompleted before running theretro.
Checklist of Year End Time Sensitive Tasks to be Completed24 Steps toComplete nowif done soPlease review tasks to bedone in “December orearlier” above andcomplete them now if theywere not completed.TTO BBEE CCOMPPLLEETTEED AAFFTTEERR TTHEE QHRR HRRI ISS YYEEAARR EEND UPPGRRAADEE ON JAANUAARRYY J 1122, , 22001133AAND PPRRI IORR TTO PPRROCCEESSSSI ING AAND PPRRI INTTI ING YYOURR TT44SS, , TT44AASS. .Description Things to Consider Page#Check Mark25 Retire and Pullin new YearEnd FormsClients new to HRIS in2012: You will need to pullin new year end forms.Year end forms include the formsapproval number from the CRA.Clients who were live for2011 year end: you willonly need to retire oldforms and pull in newforms if CRA makeschanges to the year endforms.26 ProcessT4/T4AsProcess Canadian PACalculation and theCanadian T4.Both processes must be runbefore you can create reports.39-43Tax Return/Canadian T4ATax Return on the YearEnd Processes window.27 Verify T4/T4AInformationRun the T4 and T4A Editreport and the PensionAnnual report and usethem to verify the accuracyof your data.Comparing the data from reportsto the R4/T4A information shouldbe part of your pay roll auditingprocess.45-51
Page 1 and 2: Tips & TechniquesChecklist of Year
Page 3 and 4: Checklist of Year End Time Sensitiv
Page 5 and 6: Checklist of Year End Time Sensitiv
Page 7: Checklist of Year End Time Sensitiv

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

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?