p Run and post the final payroll for 2015 (includes all checks dated in 2015).
p Reconcile payroll 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 Make a copy of your Payroll data files to be used for 2015 reporting only (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 Generate T4s (before or after closing the year in Payroll). How? Watch it
p Close the year in Payroll. How?
p Download and install 2015 tax updates.
(Only perform this task after you have posted all 2015 checks and closed the year in Payroll.)
How? Watch it
p Process first payroll of 2016 - print checks or generate direct deposits dated in 2016.
(Only perform this task after you have closed the year in Payroll and downloaded and installed
2016 taxes.)
p Archive Payroll data (optional). How?