7a. Close the payroll year
Once you have completed the previous steps, closing the payroll year is simple. Closing the payroll year will lock the transactions in the closed year and set the system date in the Payroll application to the new payroll year.
Watch a video: Step 7a-c. Update tax year, Update FWT and SWT calculation
How do I close the payroll year?
1. Open Connect Payroll > Organization > Close Year-end.
2. Verify the new payroll year replaces "YYYY" as the current year.
Close Year-end, current year
What if the date does not display the correct year? If your system does not display 2024 as the current year, contact customer support for assistance at (800) 228-9851 or log into Caselle Incident Management System (www.caselle.com/client-login). Do not attempt to close the payroll year unless the correct year is displayed.
STOP!
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Yes, the current year is 2024. That’s good news. Continue to the next step.
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No, the current year is not 2024. There’s a problem with the Payroll settings. Please contact customer support for assistance at (800) 228-9851 or log into Caselle Incident Management System (www.caselle.com/client-login) to create a help ticket. Do not continue to the next step.
The summary records for the payroll year are created.
Progress bar
4. When the Finished dialog box displays, click Yes.
Finished dialog box
The payroll year is closed.
Final steps
Running the Year-end Closing is the last official step in the Year-end Closing Checklist. If you haven’t already printed the W-2 Forms, you should print them as soon as possible after closing the year end.
The next steps will help you get the Payroll application ready for the new payroll year.
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