Solution Properties
Solution ID:
240918172839307
Last Modified Date:
Thu Sep 17 19:46:08 UTC 2026
Taxonomy Path:
Category//Year end
Author:
[email protected]
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 you run the payroll year-end process

  • Complete all paychecks for the current year
  • Void any paychecks entered for the new year
  • Open the Earnings tab and verify that This Year shows the correct amounts for the current year

Complete payroll year-end

CAUTION:

Create a backup of the data folder before you continue.

  1. Sign in using the last day of the payroll year. For example: 12/31/2026.
  2. Click Utilities, Payroll Setup, and Payroll Year-End.
  3. Leave Remove Timecards unchecked if you want to keep all historical timecards.
  4. Ignore the year option. The displayed year only applies if you want to remove the old timecards.
  5. Click OK to start payroll year-end.
  6. Click OK when the process finishes.
  7. Open the Payroll module and select the Earnings tab.
  8. Verify that Last Year shows the correct amounts for all employees.
  9. Verify that This Year is empty.

NOTE:

Payroll year-end is separate from fiscal year-end. Run payroll year-end on only one computer.

 Install the latest payroll update

  1. Download the latest payroll update.
  2. Extract the downloaded files.
  3. Right-click the installation file and select Run As Administrator.
  4. Enter the payroll password.
  5. Follow the prompts to complete the installation.
  6. Restart the computer.
  7. Sign in to the company.
  8. Click Help, About Sage BusinessVision, and System Info.
  9. Verify that the Payroll table shows the correct version.

NOTE:

Install the payroll update on all Sage BusinessVision workstations.

 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 the TD1 revision on only one computer.

NOTE:

You can run Payroll Year-End, Payroll Update, and TD1 Revision in any order, as long as TD1 Revision is after the Payroll Update.

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Steps to duplicate
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