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Fiscal year end is quickly approaching for many of us. Along with our day to day activities, this time of year can get crazy with the holiday shopping and parties, coupon ordering, budget meetings and the list goes on.
To help keep track of the year-end, download this handy checklist. This checklist will remind you of the various entries that need to be made - both in your accounting software and in general.
Don’t forget to send the government the transmittal forms for the 1099’s and W-2’s.
If you are using TOPS Pro or iQ, get the full summary of year-end closing instructions here
If you are using TOPS [ONE], get year-end closing instructions here
Be sure you are using the updated Federal Tax Tables for your payroll. Use the linked version here if you are using Payroll in TOPS, or you can get the information from the Employer Circlular E that is mailed to you by the IRS.