Preparing Payroll for the New Year

Last modified by Peytience S on 2023/11/01 21:54

Before processing your first payroll in January:

  • Go to the "File" menu and select "Backup" to create a backup of your company.
  • Click on "Check for Updates" on the main "Payroll Navigator" screen and install any updates that are available.
  • If you are asked for a password during the update, enter the password for the computer.
  • If you have your new State Unemployment Rate, go to "Payroll Items" and double-click on your "State Unemployment" and enter the new rate for the year.

If you have not received your new State Unemployment Rate, it can be entered when you receive it and be retroactively applied to paychecks for the year.

Related Pages:

Paychecks and Reporting

FAQ: If a pay period ends Dec 31st and the check date is Jan 2nd, is it a check for last year and reported as such?

Verifying New Tax Tables

Read on how to verify tax tables if they have been installed.

Updating the Payroll Program

FAQ: Do I need to have all of my Federal and State Reports done prior to updating my payroll program?

Year-End Checklist

Learn more about the Year-End Checklist.