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Year End Payroll

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Lacey

Basic Member

Posts: 14

1/9/2012 7:50 PM

We are working through our year end payroll and accrue based on hours worked. We need to split out LP140 into two seperate ones. One to end the year effective 1/1/12 and one for regular processing 1/6/12. To do this we will need to run the LP197 before payroll closes. Will this interfer? We have never closed the LP197 before closing payroll before. What order have you used for year end processing?

Margie Gyurisin

Veteran Member

Posts: 538

1/9/2012 8:18 PM

We do something similar for a few of our plans. One we need to do on April 1 to create a carryover balance for that plan. Our PR dept runs the LP140 through march 31 to create the carryover and closes it via LP197. Then they run for the remainder of the pay period and close via LP197 again.

If you want to doublecheck and see how it works for your specific needs, you should be able to run in a test envirionment.

Carolyn Lee

Veteran Member

Posts: 53

1/9/2012 11:07 PM

we've had to run lp140/lp197 for other purposes outside of the payroll cycle, and they never interfered with payroll.