p Run and post the final payroll for the year that you are closing. This includes all checks dated in
that year.
p Reconcile employee totals. How?
p Reconcile payroll tax totals. How?
p Reconcile Payroll to General Ledger. How?
p Print management reports.
p Make a backup of your entire database, if you haven't already done so. How?
p For reporting purposes, make a copy of your Payroll data files for the filing year (optional).
How?
p Setup your T4 formats. How? Watch it
p Install the year-end software update before generating T4s and other government forms and
reports. How? Watch it
p Customize the T4 format. How? Watch it
p Generate T4s (before or after closing the year in Payroll). How? Watch it
p Close the year in Payroll. How?
p Download and install 2016 tax updates for the new year. Only perform this task
after you have posted all for the year that you just closed.
How? Watch it
p Process first payroll for the new year - print checks or generate direct deposits dated in the
new year. (Only perform this task after you have closed the year in Payroll and downloaded
and installed the new year.)
p Archive Payroll data (optional). How?