Payroll End of Periods

Third party sick pay is a situation in which an entity other than the employer makes payments to the employee in the event that they are unable to work due to injury or illness. Employer Provides Sick Pay W-2 When an insurance company pays the tax...

It is best to verify numbers carefully before ending the payroll month of December (and therefore ending the payroll year). These numbers can be verified by running the Employee Totals report using the  Period to Date and  YTD options and the Empl...

These contributions must be reported on W-2s. At  Accounting / End of Periods / Print EOY Tax Forms / W-2’s on the Setup tab, there is not a deduction to select which represents the employer’s contribution since this money was not deducted from...

The Affordable Care Act requires employers to report the cost of coverage under an employer-sponsored group health plan on an employee’s Form W-2, Wage and Tax Statement, in Box 12, using Code DD.  Assuming your accountant or auditor confirms the c...

At the end of the calendar year, companies using the payroll portion of Agvance are finalizing the current year, printing W-2's and preparing for the new year. It is not required to wait until the end of the year to close the payroll year. Cl...

SSI has researched each state’s website for tax-withholding rules. The documents linked below represent our interpretation of those rules. Please note that you hold the ultimate responsibility for withholding the proper amount. The rules can vary d...

This process should be done after the last payroll of the month has been processed.          Make an image of the data ( Hub / Utilities / Make Database Image ). Backup the data directory – generally \avdata\lastimage .          From Agvance A...

Regulations from the Illinois Department of Employment Securities require quarterly wage information be submitted electronically. This export can be found at Payroll / IDES Quarterly Wage CSV . Select Employees – This defaults to  All , but ...

The ending of the payroll month is separate from ending the fiscal month. This is to accommodate situations where the first payroll of a new month is due before the previous fiscal month is ended. After running the last payroll of the month, it is ...

End of Payroll Year Checklist If attendance tracking is used, all attendance information should be entered before ending the payroll year. This archives the attendance records into the previous payroll year for future reference. ___   Verify all p...

Enter all attendance information before ending your payroll year. This will archive attendance records into the previous payroll year for future reference. After ending the payroll year, reset balances at  Accounting / Payroll / Attendance  before e...