Year-End Processing Resources

Version changes

• 1099 Changes to 1099 names were released last Product Updates – released September 2024
• Versions 2024.1, 2023.4 have had the 1099 name parsed into the First, Middle, Last names in the Vendor Maintenance, Additional Tab of Accounts Payable for the Individual Type Vendors. This will flow through to the 1099s in Aatrix as populated
• Versions 2024.0, 2023.3, 2022.6 and prior still only have the one 1099 field for the 1099 Name. The 1099s that need the information will need to be edited in the Aatrix preparer grid before printing/efiling
  • For Business type 1099s, use the tax ID number (TIN). If the Vendor Name isn’t associated with the TIN, they need to enter the 1099 name for the TIN
  • For Individual type 1099s, use the Social security number (SS#). If the Vendor Name isn’t associated with the SS#, they need to enter the First, Middle, and, Last name for the SS#.
  • Find the above information on the W-9 provided by each vendor

Interim Release Download information for 2024

***This doesn’t include the 1099 name changes above.

• IRD is compatible with versions 2022.3-2022.6, 2023.0-2023.4, 2024.0-2024.1
  • Update Aatrix AP form version.
  • Add boxes for Tax Years 2023, 2024. (Boxes same as Tax Year 2022)
  • Add boxes for Tax Year 2025.
    • 1099 Misc – Removed Box 14 Excess Golden Parachute Payments
    • 1099 NEC – Added Box 3 Excess Golden Parachute Payments

*****WORKAROUND:  For Customers needing the AP changes above and unable to add Product Updates, do a separate installation of Sage 100 (current version).  Make a copy of your live data to use in current installation only for running the Tax Year 2024 forms.  

Payroll 2.25

Compatible versions are: 2021.0-2021.2, 2022, 2023, 2024 - Special Attention for states IA others that change the state W4 in the future.

• Annual WH Allowance field renamed to Withholding Allowance in Employee Maintenance, Taxes Tab.
  • Currently CO has Annual WH Allowance, which hasn’t changed
  • The field is enabled for Iowa as: IA W-4 field 6
  • For Iowa, employees W-4s and tax tab in Employee Maintenance should be reviewed
  • (NOTE: All Iowa filing statuses will default to None. It’s suggested that users review the tax setup for Iowa employees on the Employee Maintenance Taxes Tab, especially for employees that filled out the I-4 form in 2024 and later. In Sage 100 PR2.25, includes the new WH-Allowance Amount field. Fill in this amount starting in 2025
• Review the other System File changes made to support upcoming tax reporting changes, for new taxes. Example: Maine and Delaware new family leave taxes coming in Tax Year 2025
• *** New Feature - Reverse entire Payroll Check Run.  How to reverse a payroll check run in Sage 100

Payroll Tax Update information

• Run the Payroll Tax Update as prompted or soon after.  Install PR 2.25 BEFORE Payroll Tax Update if you have employees in IA
• From now through early 2025, there will be many changes in the Payroll Tax Updates. Payroll Tax Update Guide
• Run Payroll Status Check from the Payroll Utilities Menu after any Payroll updates. Repeat for all options in the down arrow

Year-End Documentation and Resources

• Sage Community Hub - Year-end center: For help, guidance, and checklists specific to year end
• Sage Community Hub -  Affordable Care Act center: For help, updates, and resources specific to the Affordable Care Act (ACA). Tip: See the article DocLink: How to set up ACA in Sage 100
• Sage University: For helpful tutorials, videos, and training courses. Tip: In the Search field, type: Sage 100 Period and Year End
• Sage Checks and Forms (or call 800-617-3224): Available for purchasing Perforated Paper for W-2 and 1099 printing.  There is no requirement for Pre-printed forms, for printing W-2, W-3, 1099, 1096s, 1094 and 1095s 
• Review this article: Description of forms printed using Sage 100 via Aatrix
• Chat Live with Customer Services: From 9 a.m. to 8 p.m. ET Monday through Friday

Downloads: (First, log in to the Sage Support Portal to download updates)

** Download Sage 100 Payroll 2.25.0 (target release date 12/18/24)

** Sage 100 Year-end IRD for tax year 2024 (target release date 12/18/24)

** PayrollTaxUpdates - 12/12/2024 and possibly more as the new year starts.

2024 Year-end for Sage 100 - FAQ

What happens during Payroll Period and Year End Processing
Tips for Reconciling Payroll Reports in Sage 100 Versions 2018+
What is the recommended Period End or Year End order of closing for modules in Sage 100?
Sage 100 Supported Versions
How does Sage 100 support the Affordable Care Act (ACA)
Sage 100 Update Release Schedule