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Processing paycheques with automatic tax calculation after starting a new year

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Summary

How to start a new calendar year and deal with paycheque processing in Sage 50 Accounting.

Description

  • When you advance the calendar year, it closes the previous payroll calendar year including tax calculations
  • If you start a new calendar year, you'll have to calculate taxes for paycheques for your current calendar year manually

Resolution

Use one of the following options to process payroll:

You haven't started a new year yet

  • Wait until payroll is complete before starting the new calendar year

You need to start a new year but do payroll for the current period

You accidentally started a new year

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