Summary
Description
Fiscal year-end and payroll year-end function independently and are unrelated. The fiscal year is the financial period set by your business, which can differ between companies. In contrast, the year-end for Payroll and Accounts Payable 1099s aligns with the calendar year and is consistent across all businesses.
Resolution
Year-end processing general info
How to backup system and company files
How to create an archive or copy of a company
How to complete payroll year-end processing
Do tax table updates or service packs update sales tax rates?
Tax form printing
When will the new tax forms be available?
Enhanced Tax Reporting shows prior year forms
One copy of the W-2 or 1099 isn’t printing
What are the filing deadline dates for W-2s, 1099s and Affordable Care Act (ACA) forms?
Payroll Tax Calculations
What version includes the current year payroll tax updates for Sage BusinessWorks?
Tax Table Updates aren’t available for unsupported product versions
Will Federal and State income tax withholding taxes self-adjust?
What is the process to correct the program when a Payroll Tax Table Update is installed too early
Payroll Withholding taxes aren’t calculating correctly
How to troubleshoot percentage-based tax calculations
How to modify the tax table allowances, limits, and rates for the new year
Form 941
941 Payroll Quarterly Report Frequently Asked Questions - access this article for information regarding processing, reconciling and troubleshooting your 941
How to access the 941 Schedule B
W-2s
W-2 processing - Frequently Asked Questions and Troubleshooting - access this article for information regarding processing, reconciling and troubleshooting your W-2s
Do I have to have my W-2s printed before I close December?
Do I install tax table updates before or after I’ve processed my W-2s?
Bonus Checks
How to gross up a net value check
Third-Party Sick Pay
How to process Third-Party Sick Pay when employer pays employer portion of FICA
Affordable Care Act
Process Affordable Care Act (ACA) forms for Sage BusinessWorks Accounting
After year-end processing is complete Payroll taxes and tax updates
How to change my SDI, OASDI or SUI limits
How to download and install Sage BusinessWorks Accounting service packs and tax updates (to be completed after W-2s and State tax reports are printed)
Prepare your payroll for the new year
Vendor 1099s
1099 processing Frequently Asked Questions - access this article for information regarding processing and troubleshooting your 1099s
How to edit vendor 1099 totals
No data is displaying when printing 1099s
How to merge multiple vendors into one vendor ID
Other resources
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