Welcome to the Community space, @srlorenc. I’ll help you with updating the starting date of your employee classes.
Yes, you can update the prior transactions class and set it up from the beginning of the year. To do so, we’ll need to access the Payroll Settings to make necessary changes that you want. I’ll show you how:
- Go to the Gear icon and select Payroll Settings.
- This will open the Preferences page.
- From there, navigate to the Company and Account section and then click on Accounting.
- In the Classes section, choose if you want to use the same class for all employees, or different classes for different employees.
- Select OK, then choose a class for each employee, or assign one for all of them.
- Tap OK, then click OK again to save your work.
Once done, you'll be routed back to the Accounting Preferences Summary page. You’ll be prompted to select the Starting Date for the changes to take effect from. Just select the date under the Want to update current transactions, too?, then click Update.
You can read through this article for more insights about managing your payroll: Set up Payroll account preferences.
Feel free to come back here if you have additional questions about payroll. I'm always around here to help.