Year-End Prep: Checklist

IMPORTANT NOTES:

Please complete this Year-End Prep List before moving on to the Year-End Process List.

Complete the steps in order.

If you want to get ahead of your Year-End, you can complete this checklist prior to receiving the Avanti Tax Update installation in December.

Be sure to balance your Year-End before processing your final pay. This can be done before or after running the final pay of Year-End.

For clients in the Implementation Process, your Implementation Specialist can assist you with any questions you may have.

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Year-End Resources

1. Review Earnings and Deduction/Benefit codes to ensure that your Tax, CPP, EI, QPIP and QPP (for Quebec employees) compliance codes are marked correctly for compliance.Read More

Tip: If you have enough time, double check that the tax slip boxes are set correctly on codes.
Read More.

2. Review the accumulators on your Earning, Deduction, and Benefit codes.

3. Verify that ‘Employment Status’ is correctly indicated on Terminated Employee profiles. (These can be used to retain Terminated Employees during the initialization process).
Read More

4. Verify that all time cards and time data entries have been processed.

Tip: This is only applicable to clients using time & attendance.

5. Verify that all 2022 manual and cancelled payments are processed and updated.Read More

6. Verify that all entitlements have been paid out for the current year (if applicable).Read More

Tip: Only required if your entitlement year aligns with your payroll year-end.

7. Verify that there are no outstanding payroll batches for the current 2022 year.

8. Ensure that payroll processing has been updated for the last pay for the 2022 year.Read More

TIP: This includes any bonus, off cycle, or adjustments for the 2022 payroll year.

9. Make a backup of your company to a test company prior to the update being applied

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