End of Year Payroll Procedures

1. Process all year 0 payrolls. The payroll year end process may be run after year 0+1 payrolls have been run. For example, you may run 2005 payrolls prior to the End of Year Processing for 2004.

2. Input Imputed Income items (Payroll Module, General, Add Imputed Income

3. Print and review:
o Liability Report
o Form 941 Worksheet
o SUTA Worksheet
o Earnings Report

4. Backup data

5. If applicable, select “Leave Time Rollover” from the Payroll Module, Year End Processing, Leave Time Rollover.

6. Select Year End Closing from Payroll Module, Year End Processing, Year End Closing. This copies selected payroll information to files for W2 & W3 processing and removes year 0 information from the payroll files.

7. Run W2’s and W3 from Payroll Module, Year End Processing, W2/W3.