Summary
The Year End Review (PIER) report identifies discrepancies in CPP/QPP and EI amounts based on Canada Revenue Agency (CRA) guidelines. This allows you to correct payroll records before generating employee T4 slips in Sage 50 Accounting.
Resolution
How to access the PIER report
- Go to Reports, Payroll, Year End Review (PIER).
- Select employees and the calendar year.
- Click OK to see the report.
Understanding the PIER report
NOTE: The PIER report is only accurate when the employee worked a full calendar year and has received all the paycheques for that year.
- This report compares insurable earnings and pensionable earnings to the actual EI and CPP taken off
- The CRA checks the T4 slips you file to make sure that the CPP/QPP and EI amounts you reported are correct
- CRA notes any discrepancies between reported and calculated amounts for the employee on a PIER listing
- If you receive a PIER listing from the CRA, review the discrepancies and remit the balance due
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