End-of-period procedures
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Starting a new payroll year
> Task 3: Back up your company file
Task 3:
Back up your company file
Before you start a new payroll year, make a backup of your company file. Once the previous year is closed, detailed payroll information is no longer available.
When closing your fiscal year you have the option to Keep Paychecks from prior fiscal year and Keep Vendor Transactions for the previous year. This is selected by default. If you deselected this option then the paychecks and vendor transactions were purged when closing the fiscal year.
When you create a backup copy of your company file, it is recommended to name it with the year in the file name, for example payroll2015. This file, when restored will be used to re-print W2’s, 1099’s and reports for that year.
For more information, see
‘Backing up and restoring company files’
.
Related topics
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Task 4: Start a new payroll year
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Managing user accounts and company files
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