U.S. Edition: Timeline for Year-End tasks

• Ensure you have the latest version of Sage 100 Contractor or at most one version older than the latest.
• Our release executables are cumulative.
• The year-end update will be available around the third week of December.

1. Post all current tax year payroll in menu 5-2-6 Post Payroll to GL. 
2. Perform a Payroll Audit in menu 5-3-7. 
3. Repair any errors if needed.

• Follow the procedure on how to reconcile payroll reports

Install the year-end update before:

• Closing the payroll year
• Archiving the oldest payroll year
• Printing tax forms and quarterly reports
• Processing payroll checks for the new tax year
• Archiving the oldest fiscal year

The year-end update can include program fixes affecting the year-end functions.

• Find the differences between Close Payroll Year and Archive Oldest Payroll Year to determine the best process

• Complete the 1-5 Bank Reconciliation for the current company's cash account before archiving the oldest fiscal year

• If your fiscal year-end is 12/31, change your posting from period 12 to period 1 with 1-6 Period/Fiscal Year Management
• Repair any audit errors

• Post any year-end adjusting entries from your accountant.

• This step is optional, as you could be maintaining multiple years of accounting data in one company file
• Archive my Oldest Fiscal Year in Sage 100 Contractor
• When to archive last year's company data