| Payroll year-end, Payroll update, and TD1 revision |
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
- Log into Sage BusinessVision with the last date for the payroll year you're closing.
EXAMPLE: 12/31/24. - Click Utilities, Payroll Setup, Payroll Year End.
- 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.
- Click OK, to proceed the payroll year-end.
- Click OK, when complete.
- 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 - Download the latest payroll update. See Sage BusinessVision: Download Portal.
- Extract the file.
- Right-click the executable and select Run As Administrator.
- Enter the payroll password, and follow the prompt until the installation completes.
- Reboot the computer.
- 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 - Click Utilities, Payroll Setup, and TD1 Revision
- Confirm the indexation factor and click OK to continue
NOTE: Run TD1 revision on 1 computer only.
[BCB:162:Chat BusinessVision CA:ECB]
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