Create a Version of a Year-End Checklist That You Could

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The Answer is Solution could include any of the following: To be able to complete the current year:
Have taxable company car benefits updated prior to final pay processing.
Ensure that all manual cheques are recorded in the payroll registers prior to final processing. To prepare for year-end reporting:
Have all required forms on hand.
Ensure that all remittances have been reconciled to online account information or statements from each agency and government department.
Co-ordinate with the accountant or accounting department to be able to reconcile financial records to the T4 summary.
Have each reporting date, along with adequate preparation time marked on the calendar. Prepare for the processing in the new year by:
Having all tables updated for any changed rates.
Any outstanding amounts owed to employees, such as accrued vacation pay should be carried forward in the payroll records.
Communicate to employees the expected impact of changes to tax rates, exemptions or other impacts to net pay.

Create a Version of a Year-End Checklist That You Could

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Create a Version of a Year-End Checklist That You Could

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Correct Answer:VerifiedShow Answer

Correct Answer:
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