EBMS Support Center > 2022 Year End Information
EBMS makes it easy to close the old year, open the new year, and update tax and payroll information. There is no need for a January 1st crunch to get the old year completed. Opening 2022 by mid-December ensures a smooth transition into the new year! As new tax and end of year information is released, we will be providing it here and sending out emails. Subscribe to the email list here.
EBMS version 8.3 or newer is required for the updates. To verify your EBMS version go to Help > About EBMS. If your version reads 8.2 or older please contact Support@EagleBusinessSoftware.com as soon as possible.
- EBMS Support Team
Year End Webinar
Watch the 60 minute training session on Year End Processes in EBMS.
Recorded Wednesday Dec. 8 2021 at 11:30am EST
Watch Now
FAQ
Check these answers to common questions.
FAQ's
Year End Checklist
Save or print this checklist to guide your transition into the 2022 Fiscal Year.
Open Fiscal Year 2022
The fiscal year 2020 should be closed and the fiscal year 2022 should be opened in December of 2021. This only applies if your business operates on a calendar year.
Step-by-Step
Close Payroll Year 2021 & Open Payroll Year 2022
Use the checklist below to guide your end of year payroll processes including processing bonus pay periods, opening year 2022, updating tax tables, and preparing W-2's.
Download Step-by-Step
Inventory Reconciliation
Use these guidelines to make sure your inventory is reconciled before the end of the year.
Watch Video
1099 Forms
The Form 1099 is used to report various types of income other than wages, salaries, and tips (for which Form W-2 is used instead). The federal government requires two form options - Form 1099-NEC and Form 1099-MISC.
Buy Forms Step-by-Step
W-2 Forms
W-2 Forms can be printed for the past year after the payroll year is closed and payroll has been entered and processed within the new year. 2021 will be available soon.
Buy FormsStep-by-Step
Contact EBMS Support if you have problems or questions with any of these processes.
NOTICE: This web page and its contents are subscription plan benefits and are only intended for your company. This includes the payroll tax updates and any other information downloaded from this website. Any other use is prohibited. All procedures and checklists are suggestions only and may not apply for your business.