Here are a few helpful tips and reminders from Viewpoint as you prepare to tackle your 2022 year-end processes in Spectrum and Vista:
- Recon your Reconciliations: You should take a good look at your reconciliations and make sure they are up to date. Keeping them current is one of the best things you can do to prepare for Year End!
- Review the Quarterly Federal Tax Report for Large Fractions: If there is more than $5.00 noted on your Adjustment of Social Security & Medicare taxes line (fraction), you may have some rounding issues that could likely have been caused by ARPA (American Rescue Plan) or FFCRA (Families First Coronavirus Response Act) items. Not to worry, though: your Trimble Viewpoint support teams can help you navigate this.
- Get Your 1099 Vendor Information Now: You need their SSN or Tax ID in addition to their name and address. Run the Vendor 1099 Listing for all vendors without Tax ID or SSN. Also, be sure to order your 1099 forms!
- Keep Your ERP system current with the latest updates and processes: If you're a Trimble Construction One customer or in a hosted cloud environment, this won't be an issue. But if not, you'll want to make sure your system is up to date to handle the latest processes.
2022 Year-End in Spectrum
Click here to get your Spectrum 2022 Year-End Checklist.
Important 2022 Year-End Articles for Spectrum:
- What Can I Do NOW to Get Ready For Year End?
- Preparing for Year-End in Accounts Payable (Video Tutorial)
- How do I close Year End payroll in Spectrum?
- Do I need to build my W2 file before I do the Year-End Update?
- How do I account for the personal use of company vehicles on an employee's W-2 in Spectrum?
- Can I print 2023 payroll checks before performing the Payroll Year-End Update for 2022?
- Where are vacation (or PTO), sick, and holiday accruals coming from?
- How do I balance Payroll for W-2’s?
- How do you include more than three items in Box 14 on the W2?
- How do you report more than four items for Box 12 on the W2?
- Spectrum won't let me set a new pay cycle in the new year. I keep getting 'ERROR – Year End Clear must be performed before beginning a pay cycle dated later than <Current payroll year>. OK to continue’.
- How does the Quarterly Federal Tax Report (941) calculate # of employees?
- Does Spectrum support the creation of corrected W2 forms (also known as W2-C or W2C forms)?
- I need to issue a 1099-Misc form to someone that is not set up as a vendor in Spectrum.
2022 Year-End in Vista
Important 2022 Year-End Articles for Vista
You'll need to log in to the Viewpoint Customer Portal to access these articles:
