UltiProYE Flashcards
(16 cards)
What UltiPro process schedules regular payrolls for the next calendar year automatically?
The Extending the Pay Calendar process. Regular payrolls are automatically scheduled, based on the pay frequency, with default earnings and deductions schedules.
When must the payroll calendar be extended?
Before the processing of the last payroll of the year
Let’s say you want to review scheduled pay periods and pay dates for your payroll calendar. What standard report can you run?
The Calendar Analysis Summary report
What does the Calendar Analysis Summary report display?
The scheduled pay periods and pay dates for your payroll calendar
What UltiPro task enables you to move current year-to-date amounts to the prior year-to-date tables?
Resetting the Year
Why would you move your current year-to-date amounts to the prior year-to-date tables?
In order to reset your payroll year
In which UltiPro release are statutory deduction goal amounts updated?
Tax Reporting Release
When must you update annual deduction goal amounts?
After the last payroll of the year and prior to processing the first payroll of the next year
What standard report would enable you to view payroll adjustments that have been made?
The Tax Liability Payroll Adjustment report
What is the purpose of the Tax Liability Payroll Adjustment report?
Tax Liability Payroll Adjustment report shows all payroll adjustments that have been made.
What standard report can you run to estimate W-2 count, balance the company year-end totals against the wage summary and Form 941 for all quarters, or verify that employee amounts are correct?
The W-2 Detail report
What can the W-2 Detail report show you?
An estimate for your W-2 count; a comparison of company year-end totals against the wage summary and Form 941 for all quarters; and verification that your employee amounts are correct
Who is responsible for verifying that all payroll adjustments are processed and Form W-2 totals balance with year-to-date totals prior to printing Forms W-2?
YOU are responsible for verifying this information before printing!
What is the purpose of the Year-End Tax Forms window?
The Year-End Tax Forms window enables you to make temporary year-end reporting edits.
What does the Year-End Tax Forms window enable you to do?
Edit your Year-End reporting data. Remember, however, that the window is temporary.
Which option under the Reporting Menu enables you to generate, finalize, and distribute Forms W-2?
Year-End Forms
