Year-end processing resources for Sage 100 and Sage BusinessWorks software users.
As 2024 comes to a close, it’s important to make sure your accounting software is ready for the new year. DWD Technology Group and Sage Software offer a wide variety of resources to help make sure you are prepared for year-end.
Sage 100 Specific Year-end Resources
Sage 100 Year-end Tips Webinar presented by DWD
On December 17th, Mary Hildinger gave a free two-part webinar where she reviewed all the things you need to remember when preparing for year-end. During this webinar, Mary covered both general year-end closing as well as payroll specific items.
Part 1: Year-End Closing
Part 2: Payroll Specific Year-End Closing
Sage 100 Year-End Tips Recording – click here!
Sage 100 Year-end Processing Newsletter
In addition to the year-end tips & tricks webinar, we have a Sage 100 year-end processing newsletter to help you experience a smooth year-end.
The Year-End Newsletter Includes:
- Sage 100 Year-end Checklist
- Sage 100 Order of Closing Modules
- Checklists by Module
- List of Reports Needed for Year-end Processing in Sage 100
- Payroll Year-end Closing Resources
- Product and Tax Updates
Year-End and Payroll Tax Table Updates
Payroll and Accounts Payable 1099 compatibility for Sage 100 for tax year 2024
***Sage 100 Payroll 2.25 release and 1099 updates may not be compatible with Sage 100 versions prior to version 2022 (7.10.x).
To receive the latest features and program fixes, users must upgrade to Payroll 2.25. This is compatible with all Sage 100 versions 2021 – 2024 for W2s, W3s, and 1095 printing.
To receive changes to 1099s, users must be on the latest product updates 2024.1 (7.30.1) & 2023.4 (7.20.4). The 1099 Individual Type Name fields in Vendor Maintenance Additional Tab have been separated into 3 fields – First, Middle, Last.
Sage 100 version 2022.6 (7.10.6) The 1099 name field is all one field. The 1099s on this version will need to be edited in the Aatrix Preparer Grid for users needing the 1099 name.
**For customers that are unable to upgrade to these minimum versions, they may need to move data to a separate installation with minimums in order to run their Tax Year 2024 forms.
Sage Software offers a number of year end resources for Sage 100 users:
- Sage City year-end center: For help, guidance, and checklists specific to year end.
- Sage City Affordable Care Act center: For help, updates, and resources specific to the ACA. Tip: See the article How to set up ACA in Sage 100.
- Sage University: For helpful tutorials, videos, and training courses. Tip: In Search field type Sage 100 Period and Year End
- Sage Checks and Forms (or call 800-617-3224): To order your W-2, 1095, and 1099 forms. Tip: Before you order forms, please click link to read important information about new tax law requirements What forms do I use to print W-2, 1095,and 1099 forms
If you have questions or need assistance, please contact a DWD software consultant at 260.423.2414.
Sage BusinessWorks Specific Year-end Resources
Sage Software’s BusinessWorks Year-end Center
Sage Software’s BusinessWorks year-end assistance center is packed full of resources to help you complete year-end processing with ease. The year-end center contains helpful tips including:
- How to complete payroll year-end processing
- How to process vendor 1099 and 1096 annual summary forms
- W-2 reporting and other W-2 related questions
- How to create a copy/archive company before closing the year
- Affordable Care Act resources
Visit the BusinessWorks Year-end Center.
Payroll Year-end Tutorial Video’s Provided by Sage
In an effort to help year-end processing go smoothly for BusinessWorks users, Sage Software has created a number of helpful instructional videos including:
- How to install Enhanced Tax Reporting
- Processing and Correcting W-2 Forms in Enhanced Tax Reporting
- How to process Third Party Sick Pay
- How to set up payroll deductions
- How to account for Fringe Benefits on the W-2
- Start the New Year right by Tuning Up your Payroll
Visit the BusinessWorks Year-end Center.
Important Sage BusinessWorks Year-end Items to Remember
Year-End is rapidly approaching and now is the time to make sure you have everything prepared.
Remember these key year-end items:
- Make sure you order or purchase the correct W-2/1099 forms.
- We recommend you complete a pre run of your W2s in early December to make sure you have the correct forms and reconcile payroll information verifying that W2s are correct.
- It is critical to back up your data. When completing backups at the end of the year, back up after the last payroll and save. Also, back up before closing the payroll year and restore this back up (archive) to a new id such as PR2024.
If you have year-end questions, or need assistance, contact Mary Hildinger at 260.423.2414.
