See Chapter 5 Submitting W-2 reports electronically.Īrchive Human Resources information for inactive employees (optional).ĭelete Human Resources information for inactive employees (optional).Ĭlose the fiscal periods for the Payroll series for the 2021 year (optional). Prepare and submit W-2 information in the federal EFW2 format, if required.
Print the 1099-R Validation Report, 1099-R forms, and 1096 Transmittal Form. Print the W-2 Validation Report, W-2 statements, and W-3 Transmittal form. Note: If you make changes to the statement information, we recommend that you make another backup. Label the backup Post Year-end Wage file. Make a backup of your 2021 company database(s). Note: 2022 Payroll tax updates can be installed any time after the Year-end Wage file has been created. Note: Do not restart Dynamics GP on any workstation until the update has been installed on all workstations that run the application.Ĭreate the Year-end Wage file. Label the backup "Pre Year-end Wage file".
Note: You can install the year-end update (step 5) before this step, as long as you create a backup before installing. The first tax update for the year was or a later date is fine.Ĭomplete all payroll month-end, period-end, or quarter-end procedures. Verify that you have installed a 2021 Payroll tax update. Use this checklist to install the year-end maintenance and update, to close the 2021 payroll year, to update your Payroll system with the 2022 Payroll tax changes, and to print 2021 wage statements before performing 2022 pay runs.ĭetailed instructions for completing each step are found in the chapters and sections indicated. Processing 2022 pay runs before printing 2021 statements Printing 2021 statements before processing 2022 pay runs Use the checklist that most suits the way your company handles Payroll year-end activities. This chapter contains checklists that you can use for year-end. Refer to the year-end blog at the following link for new or updated information related to year-end processes:ĭynamics GP-2021 Year-End Blog Series Schedule Chapter 2: Payroll year-end checklists Year-end blogĭynamics GP support engineers maintain a blog that contains posts related to year-end processing. If you choose not to install the 2021 year-end update, you can still apply the 2022 Payroll Tax Update. The formats of a number of forms are not changing for the 2021 tax year. Forms whose format is not changing for 2021 Pending changes from IRS for the 2021 reporting year. There are no form changes for payroll for the 2021 reporting year.īlog post with details of year-end: Dynamics GP-2021 Year-End Blog Series Schedule Updates for ACA reporting, form 1095-C.2021 Year-end Update contains software changes to allow you to comply with 2021 filing requirements as well as the most recent fixes for Dynamics GP and other quality report fixes related to the payroll year-end. This database provides you with the opportunity to exchange information with other customers, which is perfect for providing tips and answers to year-end questions.Ĭhapter 1: Changes in the year-end update Start a year-end discussion with other members of the Microsoft customer community. That's a big benefit during the critical year-end season. On average, the response time is nearly twice as fast as telephone support. You can find answers to common questions, along with technical tips and performance recommendations.įor support requests that can be handled with e-mail. Provides you with instant access to the same database our support engineers use. Instructions for downloading and installing the updates are also provided here. Look here to find year-end updates, instructions, and tax updates. If you have questions about Payroll year-end closing procedures and your Microsoft Partner isn't available, there are several resources, in addition to this document, to assist in answering your year-end questions. Other than the dates illustrated, the other information is accurate for the current year-end process. Some illustrations might show dates for previous tax years.
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