Osas Payroll Year End Procedures 2016

 

 

1.                  Complete final payroll for the calendar year.

 

2.                  Print all end of quarter payroll reports

 

3.                  Print all end of year payroll reports.

 

4.                  Backup data files.


 

5.         Create Last Years Files (RUN THIS ONLY ONCE)

(RUN THIS FOR EACH COMPANY)

 

PAYROLL

      PERIODIC PROCESSING

            Periodic Maintenance

            Select Year End

                        Do not remove any histories.  Leave all fields blank

                        Clear/Sick vacation time NO

                        If prior year files exist enter Y to overwrite.

 

 

                       

**************************** Periodic Maintenance ******************************

*                                                                              *

*                       Have you run the following?                            *

*                           Earnings and Deduction Report                      *

*                           Sick Leave and Vacation Report                     *

*                           Quarterly Employer's Tax Report                    *

*                           Quarterly Withholding Report                       *

*                           Quarterly State Unemployment Report                *

*                           941 Worksheet                                      *

*                           Department Report                                  *

*                           Copy to Backup                                     *

*                                                                              *

*                                                                              *

*                           1.  Quarter End                                    *

*                           2.  Year End                                       *

*                           3.  Histories Only                                 *

*                                                                              *

*                                                                              *

*        Remove check history for items dated before                           *

*        Remove transaction history for items dated before                     *

*        Clear remaining sick/vacation time (year end only)?                   *

********************************************************************************

*                                                                              *

** Company H *******************************************************************

 

Exit OSAS



5.                  Update tax tables ***(The rate tables below are for illustration and should be confirmed with federal and state tax publications. Federal tables should be updated in one company because all companies share one table. The update should be done after the last payroll for all companies.)

 

Payroll

            File Maintenance

                        Tax Tables

                                    EIC or EIC-A EIC-B Earned Income Credit

                                    FEDM Federal Married

                                    FEDS Federal Single

                                    FICA Fica and Medicare

                                    SUTss or SUTssxxx State Unemployment rates.

                                                 ss = State  xxx=Company Id


 

 

 

 

FEDM Federal Married Tax Tables and Personal Exemption

(SEE CIRCULAR E For use in 2017 TO VERIFY THE NEW RATES)

*********************************** PATX **************************************

* Table ID FEDM       Description Federal Income Tax: Married Table           *

* Number of Cols   3  Column Length  12     Type  N                           *

*  Over ---       Base     + % Over                                           *

*------------ ------------ ------------                                       *

*         .00          .00          .00                                       *

*     8650.00          .00        10.00                                       *

*    27300.00      1865.00        15.00                                       *

*    84550.00     10452.50        25.00                                       *

*   161750.00     29752.50        28.00                                       *

*   242000.00     52222.50        33.00                                       *

*   425350.00    112728.00        35.00                                       *

*   479350.00    131628.00        39.60                                       *

* 99999999.99      4050.00          .00                                       *

*                                                                             *

*                                                                             *

*                                                                             *

*                                                                             *

** Company H ******************************************************************

 

FEDS Federal Single Tax Tables and Personal Exemption

(SEE CIRCULAR E For use in 2017 TO VERIFY THE NEW RATES)

*********************************** PATX **************************************

* Table ID FEDS       Description Federal Income Tax: Single Table            *

* Number of Cols   3  Column Length  12     Type  N                           *

*  Over ---       Base     + % Over                                           *

*------------ ------------ ------------                                       *

*         .00          .00          .00                                       *

*     2300.00          .00        10.00                                       *

*    11625.00       932.50        15.00                                       *

*    40250.00      5226.25        25.00                                       *

*    94200.00     18713.75        28.00                                       *

*   193950.00     46643.75        33.00                                       *

*   419000.00    120910.25        35.00                                       *

*   420700.00    121505.25        39.60                                       *

* 99999999.99      4050.00          .00                                       *

*                                                                             *

*                                                                             *

*                                                                             *

** Company H ******************************************************************

 

FICA Oasdi, Medicare and Minimum Wage.

(SEE CIRCULAR E For use in 2017 TO VERIFY THE NEW RATES)

*********************************** PATX **************************************

* Table ID FICA       Description OASDI and Medicare Tables                   *

* Number of Cols   6  Column Length  12     Type  N                           *

*    Employee  FICA            Employer FICA         Min. Wage    DCB Limit   *

*------------ ------------ ------------ ------------ ------------ ------------*

*        6.20    127200.00         6.20    127200.00         7.25      5000.00*

*        1.45  99999999.99         1.45  99999999.99          .00          .00*

*         .00          .00          .00          .00          .00          .00*

*         .00          .00          .00          .00          .00          .00*

*         .00          .00          .00          .00          .00          .00*

*         .00          .00          .00          .00          .00          .00*

*         .00          .00          .00          .00          .00          .00*

*                                                                             *

*                                                                             *

** Company H ******************************************************************

 

SUTss or SUTssxxx State Unemployment Rates.

   ss=State Code  xxx=Company Id

 

*********************************** PATX **************************************

* Table ID SUTGAH     Description Georgia State Unemployment - Employer       *

* Number of Cols   2  Column Length  12     Type  3                           *

*Percent      Limit                                                           *

*------------ ------------                                                    *

*       5.400     9500.000                                                    *

*        .000         .000                                                    *

*        .000         .000                                                    *

*        .000         .000                                                    *

*        .000         .000                                                    *

*        .000         .000                                                    *

** Company H ******************************************************************

 

 

 

 

6.                  State and local withholding tables – If you need to update your state and or local tax tables, please let us know.

 

 

 


OSAS Payroll Using Last Year’s Data

 

1.         Printing Prior Year Reports

From a payroll menu press F9 to switch to last year files.

                        Print selected reports

                        Exit OSAS

 

2.         Correcting Prior Year Payroll Data

From a payroll menu press F9 to switch to last year files.

 

Payroll

            Payday Work

                        Manual Checks

                        Edit Register

                        Post Checks

Exit OSAS