QUARTERLY_SUMMARIES is the quarter to date summary toggle. If the QTD Summary toggle is checked, the pay close process (UPCLOZ) will create and store quarter-to-date totals. If the QTD Summary toggle is not checked, no quarter-to-date totals will be kept.
For U.S. installations: Quarter-to-date totals are mandatory.
For Canadian Installations: Quarter-to-date totals are optional.