After you complete year-end processing and before you process payroll for the new calendar year, complete the following:
- Open General Ledger > G/L Periodic Processing > Create New Year. Click Process.
- When processing finishes, click Close.
- Open…
After you complete year-end processing and before you process payroll for the new calendar year, complete the following:
Use these helpful checklists to guide you step-by-step through year-end procedures.
Payroll Year-End checklist
HR - Benefits activities
After you complete year-end processing and before you process payroll for the new calendar year, complete the following:
Product and Tax Updates
Download Sage HRMS Q4 2021 product update
Download Sage Employee Self Service Q4 2021 product update
Documentati…
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:
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…
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
Sage HRMS W-2 Reporting
Aatrix reports prompt for Sage customer number