Open New W-2 Quarter Utility

Use the Open New W-2 Quarter utility to open a new quarter for the purpose of 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 Vision data.

You can use the following reports to review W-2 data. You can print these reports at any time, for any quarter:

• 940 Worksheet
• 941 Worksheet
• State Unemployment Worksheet
• Quarterly State Income Tax Worksheet

When you open a new W-2 quarter, Vision records the opening of the quarter on the Posting Log Review report. The entry displays as an AL transaction type, to indicate that it is an audit log posting.