Generate and compile the vendor data which your electronic files require.
- Ensure that your accounts payable is complete for the year that just ended (that is, you have printed, posted, and distributed all checks).
- If you want to verify the accuracy of the information on your T5018 slips, review each T5018 slip on-screen and make changes on the Edit Vendor Compensation Forms screen, as needed.You may want to review this information if either of the following is true:
- You don't have complete transaction data entered for the tax year (for example, because it is your first year using ProContractor and you didn't load your initial balances).
- You haven't set up all of the required vendor information in ProContractor.
- Generate a file for T5018 slips to submit electronically.
- Generate a Forms T5018 Summary Report.
- Use the information from the Forms T5018 Summary Report to manually complete your T5018 Summary.