This week I received a call from client with 2021 PR issue. Prior to closing PR the year, he issued six supplemental checks for S-Corp shareholder health insurance premiums. He then closed the year and ran first 2022 PR. He then discovered that using a regular earnings code AND a pretax insurance deduction code did not produce the desired results for w-2's. I said he "should" be able to reverse the six checks and reissue using a new earnings code for insurance premiums and the FB deduction code.. He declined to be a pioneer so we restored the 2021 back up, reversed the checks, corrected the six checks, ran the YE reports, closed the year and regenerated the first PR.
My bigger question is what is the best way to do this? Could we have reversed and reissued the health insurance checks using a 12/31/21 date while the PR period is set for Q1, 2022? OR would this still leave the YTD numbers mucked up.
Per
@Brett Zimmerman suggestion, please see the link below to comment on this post.
https://community.90minds.com/communities/community-home/digestviewer/viewthread?GroupId=13&MessageKey=fa4f33ef-b596-4189-895f-1c0df19052a3&CommunityKey=4593d843-4557-43ff-ba4d-6240681ed696&tab=digestviewer&ReturnUrl=%2fresources%2fallrecentposts------------------------------
Jeff Schwenk
FORMER 90M Board Member -140,000,000 is a TERRIBLE thing to waste!!!
Bottomline Software, Inc.
Waynesboro VA
540-221-4444
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Original Message:
Sent: 01-06-2022 09:47
From: alan niergarth
Subject: Payroll Year End - Copy Company?
Having backup copies of companies just for PR/GL is a pain when it comes time to upgrade. I can see for reasons such as benefit reports if the info doesn't carry over tor the new year properly. Are there other reports that are now not date sensitive for which you need a copy? Thought that was the point of PR 2.0. We don't routinely make copy companies of non-PR companies for year end.
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alan niergarth
Velosio LLC
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Original Message:
Sent: 01-06-2022 09:29
From: Brett Zimmerman
Subject: Payroll Year End - Copy Company?
We still recommend making a copy.
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Brett Zimmerman
Net at Work
Greater Boston Area
Original Message:
Sent: 01-05-2022 13:42
From: David Overholt
Subject: Payroll Year End - Copy Company?
I have a client that doesn't want time off to reset annually so we have to re-import it every year from the backup company too. is there a setting we are missing that will stop the time off fields from resetting? they want all 4 fields ( Accrued, Limit, Carryover, and used) to remain unchanged,
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David Overholt
DWD Technology Group
Original Message:
Sent: 01-05-2022 12:01
From: Nancy Hanson
Subject: Payroll Year End - Copy Company?
1 reason might be: if this is a new/upgrade install and first year end. Unless you're certain the Vacation/Sick/PTO is set up correctly, I would suggest a copy to confirm. My customer thankfully made a copy the other day and afterwards noticed the time off didn't carry over.
N
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Nancy Hanson
Blytheco LLC
Eagan MN