How to: Create Statutory Report Data
After you have defined the statutory reports that are required by the tax authorities, you can create the report data and generate files that you can submit to the authorities.
To create report data
In the Search box, enter Statutory Reports, and then choose the related link.
Select the statutory report that you want to create data for, and then, on the Actions tab, choose Create Report Data.
In the Create Report Data window, fill in the fields.
The Creation Date field is automatically set to the work date, but you can change this.
The Periodicity field is set depending on the value of the Report Type field for the report.
Choose the OK button.
This generates data for the report. Now, you can verify the data before you submit the statutory report.
To verify report data
In the Statutory Reports window, select the statutory report that you want to create data for, and on the Actions tab, choose Report Data.
The Report Data List window contains a line for each set of report data that you have created for this statutory report.
In the Report Data List window, select the set of report data that you want to verify, and on the Actions tab, choose Overview.
In the Statutory Report Data Overview window, set the appropriate filters, and on the Actions tab, choose Show Data.
This opens a window that displays the data based on your filters. You can verify the report data before you generate the files for the statutory report. If you want to make changes, you must create the report data again.
After you have verified that the report data is correct, choose the OK button.
You can repeat these steps for all combinations of filters.
Now, you can submit the report by generating a file that is based on the setup for the statutory report.
Generating Statutory Reports
Before you generate a statutory report, you should verify that the data is correct in the Report Data List window. Also, you should make sure that the statutory report is set up correctly in the Statutory Reports window. Before you do this, you must release the report data.
To release the report data for a statutory report
In the Search box, enter Statutory Reports, and then choose the related link.
Select the statutory report that you want to generate, and on the Actions tab, choose Report Data.
Select the report data, and then, on the Actions tab, choose Release.
Now, you can generate the statutory report.
To generate a statutory report
In the Statutory Reports window, select the statutory report that you want to generate, and on the Actions tab, choose Report Data.
Depending on the statutory report, you must export to Microsoft Excel or generate an XML file.
To export to Microsoft Excel, select the report data, and then, on the Actions tab, choose Export to Excel.
This creates a Microsoft Excel workbook that has the data that you created for this statutory report.
To export to an XML file, select the report data, and then, on the Actions tab, choose Export Electronic File.
This creates an XML file that has the data that you created for this statutory report.
Now, you can submit the report. For more information, see Statutory Reporting Directives on the Federal Tax Services website.
See Also
Tasks
How to: Set Up Statutory Reports