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Sage BusinessWorks: Year-end Resources

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Summary

This knowledge base article answers common questions about fiscal year-end and payroll year-end in Sage BusinessWorks.

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

Year-end tips

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

Error: "The encryption key has changed since the software was run previously" or "Error Opening Company.asd"

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?

Will my payroll taxes self-adjust if I don’t install the tax table updates on my first payroll of the year?

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?

How to process allocated tips

Bonus Checks

How to process 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