Payroll year-end, Payroll update, and TD1 revision
Description
Cause
Resolution

Follow these steps to perform the payroll year-end, payroll update, and TD1 revision:

Before perform payroll year-end

  • Complete all the paycheques for the current year for all employees
  • If you have entered paycheques for the new year, void these paycheques
  • Click Earnings tab and confirm the amount for This Year is correct for the current year

Perform payroll year-end

 CAUTION: Make a backup of the data folder before continue 

  1. Log into Sage BusinessVision with the last date for the payroll year you're closing.  EXAMPLE: 12/31/24. 
  2. Click Utilities, Payroll Setup, Payroll Year End.
  3. Leave Remove timecards unchecked if you wish to retain all historical timecards. The year displayed is only for the removal of timecards from the year shown and prior.
  4. Click OK, to proceed the payroll year-end.
  5. Click OK, when complete.
  6. Open the payroll module, and click the Earnings tab. Confirm the amounts in the Last Year column for all employees. This Year column must be empty.

 NOTE: A payroll year-end is independent of the fiscal year-end process. Only do payroll year-end on 1 computer

Install the latest payroll update

  1. Download the latest payroll update. See Sage BusinessVision: Download Portal.
  2. Extract the file.
  3. Right-click the executable and select Run As Administrator.
  4. Enter the payroll password, and follow the prompt until the installation completes.
  5. Reboot the computer.
  6. Log in the company. Go to Help, About Sage BusinessVision, and System Info. Confirm that the payroll table is correct.

 NOTE: Apply the payroll update on all BV computers. 

Run TD1 revision to update the federal and provincial tax exemption

  1. Click Utilities, Payroll Setup, and TD1 Revision
  2. Confirm the indexation factor and click OK to continue

 NOTE: Run TD1 revision on 1 computer only. 

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Steps to duplicate
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