Processing - W2

With BusinessPlus Payroll, it is not necessary to perform a formal closing at the end of the tax year. Instead, routine steps are performed to prepare the system for the new tax year. Among these steps are the Year-End reporting processes, particularly W-2 and 1099-R forms and electronic submission files. W-2 and 1099-R outputs (both printed forms and files) are necessarily based on unique, client-specific configurations and must be reviewed carefully for accuracy and compliance under federal and state reporting requirements. Please read this section thoroughly to gain a full understanding of the Year-End process before undertaking these steps.

Clients should be aware that 1099-R filings are produced using the W-2 software. All of the documentation related to W-2 processing applies to 1099-R processing. There is a separate mask (PYW29R) on the standard W-2 menu to produce the 1099-R printed forms and electronic file.