Summary
This article is a guide on the backup procedure after completing the Interim Reconciliation or Tax Year End Submission on Sage Business Cloud Payroll Professional
Description
As per the Tax Administrations Act, the Employer must keep records of remuneration, tax deductible deductions and Income Tax reference numbers of their employees for 5 years from the date of submission of their returns. (Reference to the Act Chapter 4 of the Tax Administration Act Paragraph 14(1)) of the 4th Schedule)
It is thus important to keep the documentation and data safe for the prescribed period, in case you need to reference back to the specific year, for example, for resubmissions and audit purposes.
Resolution
- From the Main Menu.
- Select Utilities/ Backup.
- Select the type of backup:
- Data for This Company – Data Files of the company in which you are currently working in is backed up.
- Data for All Companies – Data Files for all your companies backed up.(Recommended after completing the Interim Reconciliation or Tax Year End Submission)
- Data Files for Selected Companies – Data Files for selected companies backed up