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AccountEdge Tips and Tricks Newsletter
December 2016
 

Getting Ready for Year End
 
End-of-year procedures in AccountEdge involve closing your payroll year, running year-end payroll tax forms and reports, and also closing your fiscal year. If you run payroll you’ll also want to load the latest tax tables.

We expect the January payroll tax update will contain several Federal changes including W-2, 1096 and SSI changes, as well as payroll tax changes in at least 25 states.
 
 
 
 
 
Payroll and Fiscal Year End To Do's
The payroll tasks should be performed on or just after January 1st. Until the payroll year end tasks are completed you are not going to be able to run payroll for the new year. Closing a fiscal year does not need to happen immediately after the close of the year - you can wait until you are positive you have no further transactions to record in the previous year.
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Loading Tax Tables
Keeping your tax tables up to date is critical, it's surprisingly simple and quick to do, and will keep you processing payroll accurately. AccountEdge provides payroll tax updates to anyone who is currently enrolled in a Payroll Tax Support plan. Let us show you how to do perform this simple process.
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It's worth 2 minutes...
We mention this every year at this time, and it is worth mentioning again. The best insurance you can have is an offsite backup of all your AccountEdge company files, as well as all your other important computer files and documents.
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