Get Payroll Year End Checklist

Completing the Payroll Year End Checklist is essential for ensuring accurate payroll processing and compliance at the end of the fiscal year. This guide will provide you with clear and concise instructions on how to fill out the checklist online effectively.

Follow the steps to complete your Payroll Year End Checklist efficiently.

1. Click ‘Get Form’ button to access the Payroll Year End Checklist and open it in the designated editor.
2. Complete month or quarter procedures. Ensure this is done after your last payroll of the year has been finalized. Remember, no checks dated in January can be processed until the year-end closure is complete.
3. Build the W-2 file using the designated application. Note that this process constructs the file required for W-2 forms, with the ability to print or reprint forms after year-end completion.
4. Print necessary reports from the SP-YE screen, including the Audit Listing, Terminated Employee Listing, and Employee Calendar Year-to-Date Balance Listing to confirm accuracy before finalizing.
5. Install new tax tables as provided by the software. The updates will include Federal, FICA, Medicare, Earned Income Credit, and especially for California state tax.
6. Run and update weekly or biweekly payrolls. This step ensures tax calculations and deductions are accurate going into the new year.
7. Print W-2 forms. If you are filing electronically, confirm W-2 information with the recommended Accuwage software prior to submission.
8. Print 1099 forms if applicable. This step is less common for payrolls, typically handled within the Accounts Payable module.
9. After filling out all necessary sections of the checklist, save your changes, and choose whether to download, print, or share the completed form as needed.

Complete your Payroll Year End Checklist online to ensure a smooth transition into the new fiscal year.