Starting a new payroll year

You must close the payroll year in the last month of your payroll year or soon after. Otherwise, you will not be able to enter paychecks for the next payroll year.

Do the following tasks to close your current payroll year and start a new one.

Task
1	Process the last paychecks for the year
2	Print year-end payroll forms
3	Print vendor 1099 statements
4	Print payroll reports
5	Back up your company file
6	Start a new payroll year
7	Check that you have the latest tax tables
8	Optimize and verify your company file