Quarter Close is Coming!

Once again, the quarter will be closing soon. In order to avoid costly amendments, you must  provide updates to your payroll services representative at least 3 business days prior to the last day of the quarter. Click here to view penalties and interest that may be applicable if information is not provided timely. 

Here are a few reminders to help you prepare:

• Provide copies of company issued manual checks written during this quarter to your payroll representative. 
• Check if you have issued any checks during this quarter that should be voided. 
• Make sure all outstanding terminations have been keyed. 
• Check that your Paid Time Off policy is calculating accurately. 
• Report any employer contribution amounts made directly to an employee’s Health Savings bank account in a payroll batch using ‘Memo code T’. 
• Report any taxable fringe benefits amounts in a payroll batch using ‘Deduction Code Y’.