After you complete year-end processing and before you process payroll for the new calendar year, complete the following:

1. Open General Ledger > G/L Periodic Processing > Create New Year. Click Process.
2. When processing finishes, click Close.
3. Open…

Use these helpful checklists to guide you step-by-step through year-end procedures.  

Payroll Year-End checklist

• Sage HRMS U.S. payroll year-end checklist                                      
• Sage HRMS Canadian payroll year-end checklist  

HR - Benefits activities

• Sage HRMS HR & Benefits…

After you complete year-end processing and before you process payroll for the new calendar year, complete the following:

1. Review the tax rates and wage caps for next year’s taxes.
2. Update next year’s tax settings (for example, TD1 information) for…

Note: for the latest information about your solution, visit the "Announcements, News, and Alerts" forum

Product and Tax Updates

Download Sage HRMS Q4 2021 product update

Download Sage Employee Self Service Q4 2021 product update

Documentati…

1. Review your tax codes (Setup > Payroll > Federal/State Tax Codes and Local/Other Tax Codes) to make sure the Reporting IDs and W-2 reporting boxes are correctly listed.
2. Update employee information such as:
   1. Address. On the Demographics detail page…

Start by downloading the product updates for year-end: Product and Tax Updates

Before you start

Verify that all employees have the correct province entered on their employee records so the tax files can be generated. The province of residence and employment must be entered in Sage HRMS on both the Employees > View/Edit Employee…

Verify your current year tax information for each employee and update if necessary.

To review TD1 values on each employee’s Taxes detail page in Sage HRMS:

1. Select Employees > View/Edit Employee > Payroll tab > Employee Payroll > Ta…

Whether you are processing T4 forms or installing the latest release, we want to ensure that you have easy access to all of the information and resources available. 

Use this checklist to guide you through preparing your year-end payroll information.

Make sure to review wage caps and rates for earnings, deductions and taxes.

Use the Update Earnings/Deductions window to change an earning or deduction rate, amount, start date, or other field at the employee level. Use the Federal/State Tax Codes setup…

There are a few items that need to be updated when it comes to your employee benefits.

1. Update benefit calculations

The Update Benefits process allows you to calculate information pertaining to benefit premiums and coverage.

You must perform this process…

• If you select to calculate service as of the Accrue through Date, the plan accrues to the date entered during the Accrue Time process. For example, if your plan is setup with a Calculation Method of Accrual, and you use the Accrue Time process on 2/12…

How To

How to use Aatrix 

How to remove taxes that are mapped to the W2 in Aatrix 

CA disability missing from W2 Box 20 

Documentation

Sage HRMS W-2 Reporting 

Aatrix reports prompt for Sage customer number