Payroll AA-2024 (this was the exception so that 2024 would only have 26 pay periods) was supposed to have posted 1/1/2025, but I posted 12/31/2024. I did not realize the problems that would be created.
W-2s are going to report pre-taxed contributions that reduced the federal taxable wages and may cause over-the-limit contributions to HSA accounts and 457 deferred comp plan.
Is there a way to change the posting date?
Should I delete the 12/31/2024 payroll and re-run on 01/01/2025 (major hassle)?
Please help!
Denise