The end-of-year processing menu provides the user with a way to save W-2 information before year-end so that W-2s may be printed after the year has been closed. This allows you to begin processing in the new year without having to print W-2s. You may then print and verify W-2 information in January after the rush of the year-end close-out.
After all year-end reports have been run (see end-of-period menu), the user may run the W-2 Information Capture program. This program saves the W-2 information for the year being closed in a separate file so that processing may begin in the new year. Any time after this program has been run (before or after year-end close-out), you may modify what is to print on the W-2s through the W-2 Capture F/M program. You may run the W-2 Print program to provide employees with W-2 forms for tax purposes. The W-2 Electronic File Update may also be run along with the W-2 Electronic File Report if magnetic tape reporting to the government is required.