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40We have a client who did their 2012 Payroll Year End Closing. They then put on the 2013 tax table update and processed a 2013 payroll. They then ran the script to set the tax tables back to the 2012 rates, removed the year-end, and entered manual 2012 checks. They then did the 2012 year end closing again, balanced everything, ran all their 4th quarter 2012 reports, and everything looks OK. They ran the script to put the 2013 tax tables back in, and ran a payroll summary for Janyary 2013. Everything looks OK. In the past, doing a payroll year end close after processing payroll in the next year was taboo. But everything we have looked at with this looks like all 2012 information is OK, and the new 2013 data looks OK. Is this something that actually works now? Or are there unseen pitfalls that we are missing?
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