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