How to Close the payroll year

To Close Payroll Year

1. Install the year-end update. The year-end update contains fixes or enhancements to the Close Payroll Year process.
2. Create a backup of your company.
3. Connect to your company database as an Administrator and Payroll Administrator (if you use this feature).
   
   NOTE:

   You can do this from any machine that's able to connect to your company database.

    
4. Read, understand, and complete the steps in "What must I do before closing a payroll year?" in What is Multiyear Payroll (Close Payroll Year) in Sage 100 Contractor versions 24.2 and later?
5. Open menu 5-3-8 Close Payroll Year.
6. Click Close Payroll. The following message will display:

5. Click Yes to continue with the payroll close; click No to cancel the close.

Archive the oldest payroll year