Sage 100

2018 PR 2.0 year end alert. When processing payroll for the new year before closing the current year, note the YTD values for Direct Deposit in the employee master file will be incorrect! If you process payroll with a 2019 check date before doing year end, the direct deposit amounts get added to the YTD values. These values do not get reset until year end is performed. The YTD values for earnings & taxes are all correct for the new year.

The devil is in the details....

Unless I am missing something, I can't really see any reason to not do a year end before processing payroll for new year with PR 2.0 in 2018. You can still run quarterly reports and fed, state forms & reports by picking the year and quarter. Anyone want to chime in?

Did you see this post? I think you're right that you can proceed, the goals and contributions and the direct deposits are the only two issues, to date, that have been reported. https://90minds-com.socialcast.com/messages/39293633?ref=stream

Update - I was concerned about this so confirmed with Sage the best practice for Direct Deposit to be correct is to close the current year before doing the first payroll in the next year. There shouldn't be any negative unintended consequences from closing the year. as far as year end reports and forms. Don't think it matters if Direct Deposit isn't in play. The update appears to be driven from the Check Date and not the GL posting date. If the check date is in January 2019, the 2019 payroll data will be updated, whether or not the year has been closed.

The other thing that happens, by running a Payroll in 2019 before closing 2018 is that the Vacation/Sick accruals don't reset to what they would be in 2019. So - if you are required to print that information on Stubs/Checks, the Vacation/Sick info on the stub/check will be incorrect.