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W2 Precheck

Hard to believe it’s W2 time AGAIN! There are payments that need to be created before the last pay of December and adjustments that need to be entered before completing W2 report:

Items that need entered before last pay of an employee:

• Life Insurance - Enter in Payroll Payments>Current or Future, Pay Type of ‘Life Insurance’, the amount calculated for the life insurance premium amount. Click here for more detail instructions.

• Adoption Assistance - Enter in Payroll Payments>Current or Future, Pay Type of ‘Adoption Assistance’ and the amount to be reported on the employee’s W2. Click here for more detail instructions.

• Reimbursable Employee Expenses - Click here for more detail instructions.

• Taxable Benefits - Enter in Payroll Payments>Current or Future, type' Non-cash Taxable Benefit'.

Items that need to be entered before creating W2’s:

• Dependent Care - If not using the Dependent Care Payroll Item type during payroll, enter the amount for Dependent Care benefits using Core>Adjustments, type 'Dependence Care'.

• Third Party Sick Pay - Use Core>Adjustments to enter ‘Taxable’ or 'Non-Taxable Third-Party sick pay. Click here for more detail instructions.

• Life Insurance - Life Insurance not entered before the last pay of employee, adjustments need to be entered in Core>Adjustments. Click here for more detail instructions.

• Fringe Benefits - Enter in the amount of the Fringe benefit (also Tuition Reimbursement) using Core>Adjustments, type ‘Fringe Benefits’.

• Moving Expenses - Enter in the amount of moving expenses using Core>Adjustments, type ‘Moving Expenses’ (only for active military employees)

• Company Vehicle - Enter in the amount of Vehicle Lease using Core>Adjustments, type ‘Vehicle Lease’.

• Adoption Assistance - If Adoption Assistance pay type was NOT used prior to the last pay of the calendar year, use Core>Adjustment, type ‘Adoption Assistance’. Click here for more detail information.

• Taxable Benefits - If the ‘Non-cash taxable benefit’ pay type was NOT used during payroll processing, use Core>Adjustment, type ‘Taxable Benefits’.

• Health Reimbursement Arrangement Information - Enter in Core>Adjustments, type ‘Health Reimbursement’. (only applies to small employers with less than 50 Full-Time Equivalent employees)

Requisition Enhancements

ability to delete a requisition without reopening the posting period associated with the requisition date