How to Make Year-End Adjustments

Humi’s Year-End Adjustment Tool allows you to change your payroll data before issuing T4s.

You’ll see a table of all your employees receiving a T4 for the selected year. You can then adjust earnings or taxes to correct issues you’ve found through your reconciliation process or add the required T4 information for all employees in one convenient place.

No matter the reason, making the changes before issuing T4s is essential so that your employees are taxed correctly.

How to make a Year-End Adjustment

1. In Payroll, click on the Records tab, and then select Adjustment in the dropdown menu.
   
   
2. Use the Year dropdown to select the year you need.
3. The Adjustment table for that year will populate.
   
   
   • • This table displays a row for every employee on at least one payroll in the year.
     • You'll also see a column for every Type of Pay, Additional Income, Benefit and/or Deduction on at least one payroll in the year. We will call these pay items for the rest of this article.
     • By default, each field will have a value of $0.00. This means no adjustments were made for that employee and pay item.

4. Next, double-click on the field and enter your change.

   • To increase the value of an earning or benefit, enter a positive dollar value.
   • To increase the value of a tax or deduction, enter a positive dollar value.

5. Humi automatically saves your entry, and you can make as many entries as you need before generating T4s.