PeopleSoft Year-End Payroll - U.S.

Course Details
Code:
D78491GC20
Tuition (USD):
$900.00 • Classroom (1 day)

This PeopleSoft Year-End Payroll - U.S. training walks you through the steps to complete U.S. year-end processing and reporting using PeopleSoft Payroll for North America. Learn how to update tax reporting setup tables and update employees' income and tax records before loading each employee's year-end data into a single year-end record for processing and reporting and more.

Learn To:

  • Update tax reporting setup tables.
  • Load each employee's year-end data into a single year-end record for processing and reporting.
  • Update and correct employee records, tax balances, and other data as necessary.
  • Prepare W-2 forms.
  • Process W-2c forms.
  • Identify the reports needed to reconcile the year-end data and learn to correct tax balances and other data as necessary.
  • Generate the final print and online W-2 forms and prepare the electronic file for the SSA.
  • Enter corrected W-2 information and print a W-2c form.

Benefits to You

Enrolling in this course will help you better understand the central concepts of PeopleSoft year-end processing for Payroll for North America. You'll become familiar with updating tax reporting setup tables in PeopleSoft HCM. Furthermore, you'll become familiar with adjustments, balances, W-2 processing, common pitfalls and errors, and balancing reports. By investing in this course, you'll also learn how to generate final print and online W-2 forms while preparing the electronic file for the SSA. You'll learn how to enter corrected W-2 information and print a W-2c form as well.

Course Format

This online and classroom course will be conducted in seminar format. The instructor will demo all activities; you will not have hands-on access to an environment. If you prefer hands on training, please consider scheduling a private event for your organization.

Release Notes

This course is not release specific. It is intended for organizations using PeopleSoft releases 8.81 or higher. It contains content for supported PeopleSoft releases but is taught on a PeopleSoft 9.2 image 18 environment. In class, the instructor will point you to the current year's tax updates as needed.

Skills Gained

  • Process W-2c forms
  • Process W-2 data
  • Adjust employee tax balances
  • Finalize W-2s
  • Update W-2 tax reporting setup tables
  • Update employee records

Who Can Benefit

  • Business Analysts
  • End Users
  • Functional Implementer

Prerequisites

  • Working knowledge of PeopleSoft Payroll for North America
  • Understanding of your company's year end payroll processing

Course Details

Updating W-2 Tax Reporting Setup Tables

  • Updating the Company Table
  • Updating W-2 Company Data
  • Updating Tax Form Definitions
  • Updating Tax Form Print Parameters
  • Updating Tax Reporting Parameters
  • Identifying Tax Localities

Updating Employee Records

  • Adjusting Income Using Manual Checks
  • Describing Imputed Income Calculations
  • Describing Imputed Income Adjustments

Processing W-2 Data

  • Setting Up Retirement Plan and Third-Party and Sick Pay Indicators
  • Identifying and Correcting Errors
  • Loading Year-End Records
  • Reviewing and Correcting Year-End Records

Adjusting Employee Tax Balances

  • Adjusting Tax Balances Online
  • Viewing Balance Adjustments

Finalizing W-2s and Processing W-2c Forms

  • Updating W-2 Information Online
  • Describing W-2 Filing
  • Printing W-2s
  • (9.0 and Higher) Producing Online W-2 Forms in PDF Format
  • Processing W-2c Forms
Course Details
Code:
D78491GC20
Tuition (USD):
$900.00 • Classroom (1 day)