Current Payroll Fiscal Year control setting

Is the Current Payroll Fiscal Year Payroll Control Setting informational?

• Payroll
• Payroll Start and Status
• Calendars
• Payroll Control Settings

To view and/or edit this setting:

1. Go to Payroll>Payroll Setup>Payroll Control Settings
2. Click on the line for Category and Label General-Current Payroll Fiscal Year. Click Accept. 
3. To update, click Update and change the Value to the correct year. Click Accept. 

• The Current Payroll Fiscal Year controls which set of Calendar records are active.
  • Each calendar record is tied to a defined Fiscal Year. In order for that calendar to be active, that given Fiscal Year must be defined in the Payroll Control Setting. 
• This setting also controls the Fiscal Year that populates within Payroll Start and Status. 
  • If using Fiscal Year Accumulators and tracking deduction limits based on Fiscal Year, the correct Fiscal Year needs to be defined on the Payroll Start and Status screen.

NOTE -The Current Payroll Fiscal Year setting should only be updated after finishing the final payroll for the prior fiscal year.