Understanding Payroll Cycle Reports for Canada

During the payroll cycle, you can print reports that enable you to verify employee tax, earnings, and timecard information. When you set up reports, you can indicate the step in the payroll cycle at which you want the system to print each report. For example, you might print the Federal Tax Distribution Summary report (R073170) during pre-payroll processing. You can also create custom reports and set them up to print during the steps of a payroll cycle.

After you set up reports, they automatically print during the step of the payroll cycle that you indicate. After you process each step in the payroll cycle, you typically need to review the reports and make any necessary corrections before you continue to the next step in the cycle. Many reports are most valuable after you have processed pro forma journal entries. For this reason, the payroll cycle includes a reporting step, during which you can print any of the payroll cycle reports that are not set up to print during another step of the cycle.

The graphic illustrates the location of the reporting step in the payroll cycle:

Payroll cycle reports.