Statutory Report Flags map earning, deduction, and other income codes to the correct fields on statutory report forms (e.g., TD4 in Trinidad and Tobago). This ensures accurate data population on these forms.

To set up Statutory Report Flags:

1. Navigate to Year End Close > Statutories > Statutory Report Flags.

2. Select the appropriate Report Flag for your country.

3. Choose the Code Type (Allowances, Timesheets, Other Income) and enter the corresponding code.

4. Set the Factor to 1 unless a specific percentage of the amount should be reported.

Repeat this until all payroll codes have been mapped to the relevant form(s).