Preparing for Year-End in Sage 100

preparing-for-year-end-in-sage-100It’s that time of year again! Preparing for your business’ year-end processes doesn’t need to be a fire drill. All the stress that goes along with closing out your accounting books at the end of the year can be a daunting task. With a little bit of help from Sage and the Year End Processing Resources for Sage 100, you’ll be organized and on track before New Years Eve!

Payroll: Period/Year End Closing

Sage has posted an awesome resource in Sage City called the Year End Processing Resources for Sage 100. This is a one stop page for everything period and year end, including important reminders, IRD & TTU downloads, module checklists, eFiling & Reporting guide and much more.

Here you find the following helpful information:

How to

How to Perform Quarter End Processing in Payroll

How to find the Period End Processing checklists. 

How do I reconcile Payroll tax forms & reports 

How to Setup Paperless Office to save your Period/Year-End Reports 

How to setup Affordable Care Act (ACA) in Sage 100 

How to report Employer-Sponsored Health Care coverage on the W-2 

Documentation

Sage 100 Tax Table Updates (TTU)

Sage 100 Interim Release Download (IRD)

Order of Closing Modules 

You can find all Year-end update help here. Note, you will need to be logged in to Sage City to view, but below is an example of some of the updates and details you’ll find there:

  • The 2017-Q1 Tax Table Update (TTU) and 2016 Interim Release Download (IRD) are scheduled to be available by download the week of December 14th .
  • The eFiling and Reporting (Aatrix) year end update will be released by automatic update approximately December 12th after 2pm PST.
  • The applicable Product Update, 2016 IRD and Aatrix year end update must be installed before processing W2, ACA or 1099 forms for 2016.

Additional Information

Staying on top of the Affordable Care Act is critical—and challenging—particularly when it comes to your obligations under the law. With all the delays, legislative changes, and shifting regulatory interpretations over the past few years, you may be feeling a little overwhelmed now that 2016 is here. Are you prepared for the Affordable Care Act (ACA) reporting requirements for 2016?

As a trusted expert advising companies around the world for the past 30 years, Sage is ready to help support you through healthcare reform and answer your questions.

To assist you, Sage has set up an Affordable Care Act center on Sage City.

Click link for step by step instructions and videos on How to setup ACA in Sage 100.

Hopefully these year-end resources will help you as you start thinking about the upcoming processes. If at any point you have questions on how to better prepare for 2017, please reach out to us!