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- Reviewed accruals (employee year-to-date (YTD) report and opening balance)
- Reviewed deductions payroll categories if they reset at year end (This item does not apply for Harmony)
- Processed all payrolls for 2020
- Reviewed Employee Information (name, social security number (SSN)/social insurance number (SIN), address, etc.)
- Reviewed Company Information (name, address, RCT #, etc.)
- Make a backup of your company data
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- When you log into Harmony, ensure that you select the correct data year ("2020"). This is the year you would like to close.
- A dialogue box will appear at the bottom like this
to inform you that there are new tax tables available and that you will need to upgrade your database.
- Click the "OK" button to upgrade your database. This process may take a few minutes. To upgrade new tax tables Navigate to Admin settings > Payroll preferences > click tab tax and click upgrade
Closing Off Your Current Year
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