When you close a payroll year, all pay history amounts from the year you close are cleared from your company file, and your company file is prepared for a new payroll year.
Note: When your payroll year must be closed
Before you close the payroll year, complete all pay runs and print year-end forms. (Printing year-end payroll forms)
Perform your usual end-of-month tasks. (Performing month-end tasks.)
Since W-2 and 1099 information is tracked using pay history, you must print W-2 forms and 1099 statements before you close a payroll year and start the new one. To learn the current payroll year of your AccountEdge company file and other general payroll information, choose General Payroll Information from the Setup menu. (To print W-2 forms and To print Form 1096)
Warning: Make a backup before closing the payroll year!
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