Process Beginning of Year


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Screen ID: PYEAR-01
Screen Title: Display System Values
Panel Number: DSPSYSVL
Reports (See below)
Accessed by Tool Number:

5230

 

This screen is used to perform Beginning-of-Year (BOY) Processing. BOY processing involves:

  • Create IRA balance records for new year.

  • Create HSA balance records for new year.

  • Create EOY Tax records for previous year.

  • Update accounts payable previous YTD and 1099 report fields.

  • Reset Quarterly and YTD Dividend, Backup Withholding, Penalties, Interest, Late Fee, and Skip-A-Pay fields

Reports

See the BEGINNING-OF-YEAR/TAX FILE VERIFICATION REPORTS section in the Year End Self Processing Guide.  (See listing below.)

  • Tax File Totals (PVEOYTAXF)

  • Errors When Creating the Tax File (PCRTAX1)

  • Tax Creation Account Summary (PCRTAX2)

  • Before and After Year End Changes to the Tax File (PVEOYTAXF2)

  • Beginning of Year YTD Field Reset (PVBOYFILE)

  • IRA & HSA Balance Totals (PVEOYTAXF1)

  • Errors When Creating IRA Reporting File (PCRIBL)

  • Errors When Creating HSA Reporting File (PHSABL)