New Feature: 5-3-8 Close Payroll Year
Description
  • In version 24.2 and later, you may now keep payroll records for multiple years in your company database, while maintaining the ability to process payroll records for the current payroll year
  • Closing the payroll year is simpler and less time-consuming than archiving payroll data and doesn't require backing up the company database; thus, saving you valuable time and providing you with the ability to generate payroll reports covering multiple payroll years
  • Closing the payroll year from menu 5-3-8 doesn't create a separate archive database for the payroll records
  • The closed payroll records remain in the current company
  • After closing the payroll year, you still have the option of archiving that payroll data, at a time of your choosing, to remove those payroll records from the company database and place them in a separate archive company
  • Learn more about the Close Payroll Year process
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