IQMS Blog for Manufacturing ERP Expertise

Planning for Manufacturing Fiscal Year End Closes

Posted by Shannon Holloway on Thu, Jan 03, 2013 @ 08:36 AM

Tax DayHappy New Year! January is a time for new beginnings, resolutions and tax reporting! While the first two sound much more fun than the latter, with a little planning, preparing government reporting files for the previous year can go off without a hitch and be a positive experience too.

Start by making sure you have all of your needed supplies and if you haven't already ordered them, pick them up right away. Once you've got the logistics taken care of, then go through a trial run. Print your reports now to ensure that everything goes smoothly, review all of your numbers for accuracy and resolve questions now while you have time. Don't wait until the last week, when forms are due, to start looking at and printing them. 

For EnterpriseIQ users, make sure to check the MyIQMS training and download web pages for tax reporting instruction videos and new form change downloads. Plus, if you want to be notified about new file downloads automatically, click subscribe and notification emails will be sent to you as they become available.

Do you report electronically? If so, EnterpriseIQ handles this as well. Make sure to download and run files through AccuWage for testing before submitting officially. This can be done ahead of time as well and will ultimately speed up the final process.

While you are on the MyIQMS website, make sure to check for the new 2013 tax tables and follow the proper procedure for importing them into the EnterpriseIQ Payroll module prior to processing your first payroll of the year. You can find instructions in the EnterpriseIQ help files as well as recorded training on the MyIQMS page. 

Additional training can be scheduled by contacting the IQMS training department and, of course, the Technical Support group is just a phone call away to answer your questions or help walk you through it for first-timers.  


     IQMS Training

Tags: manufacturing ERP software, IQMS, EnterpriseIQ, Reporting, Financial Management