PeopleSoft Year-End Payroll - Canada

This course covers the steps necessary for Oracle's PeopleSoft Payroll for North America’s Canadian year-end processing. This course covers adjustments, balances, year-end slip processing, common pitfalls and errors, and balancing reports. Participants learn how to produce accurate year-end reporting results such as T4, T4A, RL-1, and RL-2.

This course is not release-specific. Students must reference PeopleSoft Payroll for North America Tax Updates for release-specific information. The course is taught using a PeopleSoft 9.1 environment, but is pertinent to customers on PeopleSoft releases 8.81 or higher.

Learn To:

• Create balance adjustments
• Perform year-end audits
• Process year-end slips
• Identify the five steps of year-end payroll

Audience

• Business Analysts
• Functional Implementer
• End Users

Course Topics Defining the Year-End Business Process

• Describing Tax Updates During the Year
• Describing Preparation for Year-End Processing
• Describing the Five Steps of Year-End Processing

Performing Preprocessing Audits of Setup Tables

• Mapping Values to the Tax Form Definition and Tax Form Footnote Tables
• Auditing the Tax Form Definition and Footnote Tables
• Updating Tax Reporting Parameters
• Defining Setup Information for T4, T4A, and RL Reporting
• Updating the Wage Loss Replacement Plan
• Describing Pension Adjustment Calculation Factors
• Identifying Company Name and Address Information in the Company Table
• Identifying Tax Form Information in the Canadian Company Tax Table

Performing Preprocessing Audits of Employee Data

• Describing Employee Benefit Processing and Adjustments
• Running the Open/Close Pay Calendar Process
• Describing Methods for Adjusting Tax Balances for an Employee
• Using a Manual Cheque to Adjust Balances
• Making Online Balance Adjustments
• Auditing Employee Data Using Year-End Reports

Processing Year-End Data and Loading It to Employee Records

• Loading T4, T4A, RL-1, and RL-2 Records
• Retrieving Year-End Slip Information Online

Performing Post-Processing Audits

• Running the Year-End Error Report
• Running the T4, T4A, RL-1, RL-2 Audit Report
• Defining the Reload Process
• Viewing the Tax Forms Online
• Amending or Canceling T4, T4A, RL-1, and RL-2 Slips

Generating Year-End Slips, Reports, and Electronic Media Files

• Describing Production Processing of Year-End Forms
• Describing T4, T4A, RL-1, and RL-2 Reports
• Reporting Year-End Slip Data on Electronic Media
• Printing T4, T4A, RL-1, and RL-2 Slips
• Producing Online T4 and T4A Slips in PDF Format
• Producing Year-End Summary Reports
• Reconciling and Balancing Year-End Slip Totals

Loading Next Year's Tax Data

• Identifying the Pages Used to Update Employee Tax Information
• Running the Update Source Deductions Process
• Describing Year-End Balance Rollovers
• Identifying the Steps to Prepare for the New Processing Year

Course Objectives

• Prepare records for next year’s payroll processing
• Define year-end payroll processing
• Process year-end data
• Perform year-end preprocess audits for core tables and employee data
• Produce year-end forms and files