The current payroll year is the year that you're working in. It's the year that you're using to enter transactions, make adjustments, record hours, and so on. The current payroll year is the year the Payroll application will use to display transactions, print reports, and calculate transactions.
Closing the current payroll year will lock out users from making any changes to the transactions in the closed period. When the current payroll year is closed it becomes the prior payroll year.
Important! Running the Year-End Update will update the year displayed in the Current Year field to the future year.
1. Open Connect Payroll > Organization > Organization.
2. Click to select the Organization tab.
3. Find the field titled Current Payroll Year.
Organization, Current payroll year
4. Enter the YYYY for the current payroll year.
5. Click Save (CTRL+S).
The current payroll year is updated.
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