2013 Year End Closing – Payroll
Contents
1. put this backup into safe permanent storage By creating a backup you make sure that you have a permanent record of the company s financial position at the end of the year You can restore the backup to quickly recover data if a power fluctuation or other problem occurs during the year end closing procedure To create a backup in Microsoft Dynamics GP follow these steps 1 In Microsoft Dynamics GP point to Maintenance on the Microsoft Dynamics GP menu and then click Backup 2 Inthe Company Name list click your company name 3 Change the path of the backup file if it is required and then click OK Note We recommend that you name this backup 2013 Post Year End File to differentiate it from your other backups Verify W 2 and 1099 R statement information To view the W 2 information in Microsoft Dynamics GP point to Tools on the Microsoft Dynamics GP menu point to Routines point to Payroll and then click Edit W 2s To view the 1099 R information in Microsoft Dynamics GP point to Tools on the Microsoft Dynamics GP menu point to Routines point to Payroll and then click Edit 1099 Rs Note If you change the W 2 or the 1099 R information we recommend that you make another backup Print the W 2 statements and the W 3 Transmittal form To print the W 2 statements follow these steps 1 In Microsoft Dynamics GP point to Tools on the Microsoft Dynamics GP menu point to Routines point to Payroll and then click Print W 2s 2 In2. M Microsoft Dynamics Year end closing procedures for Microsoft Dynamics GP Payroll 2013 Summary This document outlines the recommended year end closing procedures for Microsoft Dynamics GP Payroll This document outlines the recommended year end closing procedures for Microsoft Dynamics GP Payroll The More Information section contains the following e A detailed checklist of the steps that you must follow to complete the year end closing procedures e An alternative checklist to use instead of the standard checklist if you must process 2014 pay runs before you complete the year end closing procedures for 2013 Note Before you follow the instructions in this article make sure that you have a complete backup copy of the database that you can restore if a problem occurs Note There will not be a 2013 Year End Update or 2014 Tax Update available for Microsoft Dynamics GP 10 0 and prior versions INTRODUCTION Read this whole article before you perform any one of the steps If you have any questions contact Integrated Systems Solutions Technical Support support issusa com or call 714 634 4697 Customers contact ISS to perform this update for you please do not attempt this on your own More information Payroll year end checklist to perform the year end closing procedures Payroll year end checklist To perform the year end closing procedures follow these steps OSD SP NN Verify that you have installed the latest 2013 p
3. ayroll tax update Complete all pay runs for the current year Complete all month end period end or quarter end procedures for the current year Make a backup of the original file Install the Year End Update Create the Year End file Make a backup of the new file Verify W 2 and 1099 R statement information Print the W 2 statements and the W 3 Transmittal form 10 Print the 1099 R forms and the 1096 Transmittal form 11 12 13 Optional Create the W 2 Electronic file Optional Archive inactive employee Human Resources information Set up fiscal periods for 2014 14 Optional Close fiscal periods for the payroll series for 2013 15 Install the payroll tax update for 2014 Back to the top Alternative payroll year end checklist If you must process 2014 pay runs before you complete the 2013 year end closing procedures follow the steps in this alternative checklist 1 2 ae Verify that you have installed the latest 2013 payroll tax update Complete all pay runs for the current year Optional Complete all month end period end or quarter end procedures for the current year Make a backup of the original file Install the Year End Update Create the year end file Make a backup of the new file Verify W 2 and 1099 R statement information Optional Archive inactive employee Human Resources information Set up Fiscal Periods for 2014 Optional Close the
4. fiscal periods for the Payroll series for 2013 Install the payroll tax update for 2014 Process the 2014 pay runs The user date must occur in 2014 Print the W 2 statements and the W 3 Transmittal form Print the 1099 R forms and the 1096 Transmittal form 16 Optional Create the W 2 Electronic file Payroll module year end details Verify that you have installed the latest 2013 tax update call ISS Technical Support if you have any questions on the latest 2013 tax update installation Note The latest tax tables will ensure that the FICA wage limit is correct To check your tax table update date click on Microsoft Dynamics GP point to Tools point to Setup point to System and click on Payroll Tax The Last Tax Update should be 11 15 2013 or later Complete all pay runs for the current year Optional Complete all monthly and quarterly payroll month end period end or quarter end procedures for the current year For more information about period end procedures for payroll view Chapter 21 Payroll Company Routines in the Microsoft Dynamics GP user s manual You can find this user manual in Dynamics GP by clicking on the Help icon click on Printable Manuals click on Human Resources Payroll and then click on Payroll USA with Direct Deposit Make a backup of the original file Create a backup and then put this backup into safe permanent storage By creating a backup you make sure that you have a permane
5. hese steps 1 In Microsoft Dynamics GP point to Tools on the Microsoft Dynamics GP menu point to Routines point to Payroll and then click W 2 Electronic File 2 Inthe W 2 Electronic File window click to select the check box that is next to each company that you want to include in your W 2 Electronic File 3 Inthe User ID Number field enter the user ID number formerly called a PIN 4 Click Submitter The Electronic Filer Submitter Information window opens Enter the submission information 5 Change the file destination information in the File Name field if it is required 6 Click Create File or Save to store the information to create the file later Optional Archive inactive employee Human Resources information To archive inactive employee Human Resources information in Microsoft Dynamics GP point to Tools on the Microsoft Dynamics GP menu point to Utilities point to Human Resources and then click Archive Employee Set up fiscal periods for 2014 To set up fiscal periods for 2014 follow these steps 1 In Microsoft Dynamics GP point to Setup on the Microsoft Dynamics GP menu point to Company and then click Fiscal Periods 2 Inthe Year field type 2014 and then click Calculate Note You may want to close all periods except period 1 to prevent users from posting to future periods 3 Click OK Optional Close fiscal periods for the payroll series for 2013 You can use the Fiscal Periods Setup window to close al
6. l fiscal periods that are still open for the year By closing fiscal periods you prevent users from accidentally posting transactions to the wrong period or to the wrong year Before you close a fiscal period verify that you have posted all transactions for the period and for the year for all modules To later post a transaction to a fiscal period that you have closed you must first reopen the period in the Fiscal Periods Setup window To close a fiscal period follow these steps 1 In Microsoft Dynamics GP point to Tools on the Microsoft Dynamics GP menu point to Setup point to Company and then click Fiscal Periods 2 Click to select the Payroll check box for each Period that you close Install the payroll tax update for 2014 Note Do not install the payroll tax update for 2014 until the year end file has been created for 2013 To install the payroll tax update for 2014 follow these steps 1 In Microsoft Dynamics GP point to Maintenance on the Microsoft Dynamics GP menu point to U S Payroll Updates and then click Check for Tax Updates 2 Inthe Tax Update Method window click Automatic and then click Next 3 Inthe Authorization Number field type your authorization number and then click Log in 4 Click Finish Applies to e Microsoft Dynamics GP 2013 e Microsoft Dynamics GP 2010 e Microsoft Dynamics GP 10 0 when used with o Payroll U S Payroll
7. nt record of the company s financial position at the end of the year You can restore the backup to quickly recover data if a power fluctuation or other problem occurs during the year end closing procedure To create a backup in Microsoft Dynamics GP follow these steps 1 In Microsoft Dynamics GP point to Maintenance on the Microsoft Dynamics GP menu and then click Backup Note The Back Up Company window opens 2 Inthe Company Name list click your company name 3 Change the path of the backup file if it is required and then click OK Note We recommend that you name this backup 2013 Pre Year End Update to differentiate it from your other backups Install the 2013 year end update To install the payroll year end update you must follow the steps in the Microsoft Dynamics GP U S 2013 Year end document The install must be performed on each computer that has Microsoft Dynamics GP installed When the update is released call Perry at ISS to schedule the installation for you 714 634 4697 Create the year end file To create the year end file follow these steps 1 In Microsoft Dynamics GP point to Tools on the Microsoft Dynamic GP menu point to Routines point to Payroll and then click Year End Closing 2 Inthe Year field type 2013 and then click Process Note You can install the payroll tax update for 2014 any time after the year end file for 2013 has been created Make a backup of the new file Create a backup and then
8. the Print W 2 Forms window specify the following settings o Print W 2s for Normal Year End o Print W 2 Forms 3 Click Print Note You can print employee W 2 statements as many times as you have to To print the W 3 Transmittal Form follow these steps 1 In Microsoft Dynamics GP point to Tools on the Microsoft Dynamics GP menu point to Routines point to Payroll and then click Print W 3s 2 Inthe Print W 2 Forms window specify the following settings o Print W 2s for Normal Year End o Print W 3 Transmittal Form 3 Click Print Note You can print the W 3 Transmittal Form as many times as you have to Print the 1099 R forms and the 1096 Transmittal form To print the 1099 forms follow these steps 1 In Microsoft Dynamics GP point to Tools on the Microsoft Dynamics GP menu point to Routines point to Payroll and then click Print 1099 Rs 2 Inthe Print 1099 R Forms window click 1099 R Forms and then click Print Note You can print employee 1099 R forms as many times as you have to To print the 1096 Transmittal form follow these steps 1 In Microsoft Dynamics GP point to Tools on the Microsoft Dynamics GP menu point to Routines point to Payroll and then click Print 1099 Rs 2 Inthe Print 1099 R Forms window click 1096 Transmittal Form and then click Print Note You can print the 1096 Transmittal form as many times as you have to Optional Create a W 2 Electronic File To create a W 2 Electronic File follow t
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