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Preparing Your Hosted Deltek Vision System for 2011 Year-End


At calendar year-end, there are a number of important procedures and updates to perform in Deltek Vision, in order to successfully wrap up your final accounting processes for the year. These steps also prepare your Deltek system for the new accounting year. And, if applicable for your organization, year-end processes help close your fiscal year and initiate a new one.

 Generally speaking, the Year-End update cycle for your Deltek system includes:

  • Steps for processing year-end Payroll and Accounts Payable
  • State and Federal tax rate and withholding changes for new-year Payroll
  • Annual 1099 and W-2 form changes
  • Procedures and controls for a fiscal year-end close.

 In support of our hosted customers' year-end activities, on Sunday, January 1, 2012, TBS engineers will install Deltek's 2011 Year-End Regulatory Update for our Vision application platform. This update will be performed for ALL TBS customers during our regular maintenance window of 12:00AM to 2:00AM Eastern Time.

** It's important to note that BEFORE AND AFTER this update, TBS customers must follow specifically prescribed steps in Vision to ensure that all year-end processes are completed successfully. (See Vision Year-End Checklist below.) 

Deltek provides numerous documents, knowledge-base articles and videos on its support website that address the Vision year-end updates and procedures. For your convenience, here are some important highlights courtesy of Deltek, organized into three summary documents, as well as a link to Deltek’s Year-End Information Center.

 

                    

 

For more information, contact TBS support by email or call 703.444.6562.