Prepare your payroll system for smooth sailing in the new year
Q: What can you do to prepare your payroll system for smooth sailing in the new year?A: Here is the check list that will help you in getting your payroll system ready for the new year. 1. Set up new 401K limits if applicable for the new year2. Run the rollovers for vacation, sick, holiday as well as amount due DBAs. 3. Set up a new Master Pay Cycle 4. Enter new election amounts for FSA medical and dependent care5. Prior to the 1st payroll of the year, apply Vertex updates to get new rates and limits. 5. On the first payroll run of the year, check the DBA register for all DBAs to be sure DBAs
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