Payroll Year End
- Install the Spire payroll update version
- You may install the Spire update for payroll at any time, but it MUST be installed prior to running the TD1 Update function, AND prior to the first pay of the new year.
- Process the final pay for December of the current year
- **Make a Snapshot (backup) of your data FIRST
- Run the Payroll Yearend function: from the menu at the top, select Payroll, Payroll Year End
- Run the TD1 Update function: from the menu at the top, select Payroll, TD1 Update
Take note of the values presented for the next year - you may need to edit them manually.
Additionally, it's a good idea to have employees fill out and sign a current TD1 form each year.
- You have until the end of February to produce T4s