For many payroll departments, the end of the year is the most stressful time. Forget worrying about the holidays and what presents you have left to purchase; payroll is constantly worried about ensuring tax years are closed out and the initial payrolls in the new year are accurate. While this sounds daunting, it doesn’t have to be. With careful planning and the proper alignment of knowledgeable resources, companies can have the confidence they are ready for this hectic time.
There are several key items that need to be done, some examples are:
- Resolve any outstanding payroll issues.
- Monitor and install all needed support packages.
- Review your W-2/T4 mappings to ensure accuracies.
- Run reconciliation reports to balance results.
Additionally, Exaserv offers flexible packages to help support the customers through this process. These packages range from providing checklists to help guide your organization, through different levels of dedicated support buckets.
Please fill out the form below to access the end-of-year payroll checklist.
Author(s): Bryant Bateman