W-2 Quarter
Use the W-2 Quarter utility to open a new quarter for tracking payroll data.
You must open a new W-2 quarter before you process the first payroll in that quarter. You perform quarterly initialization at the end of each calendar quarter. This procedure affects payroll data only; it does not affect any other Vantagepoint data.
You can use the following Payroll reports to review W-2 data, which you can print at any time, for any quarter:
- 940 Worksheet
- 941 Worksheet
- State or Local Income Tax Worksheet
- State Unemployment Insurance Worksheet
When you open a new W-2 quarter, Vantagepoint records the opening of the quarter when you click Print Posting Log Review on the Actions bar of the Posting Review form in .
In the Posting Log Review report, the entry displays as an AL transaction type, to indicate that it is an audit log posting.
- Related Topics:
- How to...
You open a new W-2 quarter when you are ready to process payroll data for that quarter. - Fields and Options
You open a new W-2 quarter in Utilities.