Payroll Setup wizard
Helpful Hint!
Note that if you are exploring the Bellwether
Garden Supply data files or other company data files in which the
Payroll Setup wizard has already been completed, when you click the
Payroll Setup icon, you may see the Payroll Settings option,
not the Payroll Setup Wizard option.
Before you are able to process payroll transactions using Sage 50, you first
need to complete the Payroll Setup wizard in Sage 50.
This topic guides you through the steps to using the Payroll Setup wizard so
that you know the information you need when you set up payroll options for
your business.
To open the Payroll Setup wizard, ensure you are in the Employees & Payroll Navigation
Center. Click the Payroll Setup icon and select Payroll Setup Wizard from the
drop down list provided.
This opens the first window of the Payroll Setup wizard.
Notice that the left hand side of the above window shows five sections of the Payroll Setup wizard
that are explained under the appropriate headings below. Each section
may consist of a number of windows in which you are asked to enter
information about your company's payroll procedures.
Click the Next button to continue to the next window or press the Back button
if you need to change information entered in earlier windows.
Once you have entered details into a particular section, you can also
click the appropriate link on the left hand side of the Payroll Setup wizard
to jump back to that section.
Your payroll settings will be
created once you press the Finish button in the last window of the wizard. If you are not
able to complete the wizard in one session, click the Save for Later button.
Note that if you press Cancel before completing the Payroll Setup wizard, you will
be asked 'Do you want to save this information for later?'. Clicking Yes will
save the information you have entered into the Payroll Setup wizard.
Helpful Hint!
If you are completing the Sage 50 Practice Set,
the following are hints for completing each section of the Payroll Setup wizard.
Payroll Options
If Sage 50 does not automatically jump to
the Other Payroll Options window
and you are asked to indicate whether you want to use Sage 50's
own Full Service Payroll solution or select the Do It Yourself In-House payroll option,
you should select the Do It Yourself In-House payroll option.
Company Information
You are required to set the State Unemployment Rate at zero percent and not
record employee meals and tips.
Pay Types
You are required to process salary payments. In the Salary table, ensure that the
first line with a Pay Type of 'Salary' is completed with the GL Account Number as
specified in your practice set.
Benefits
You are required to leave each box next to the different benefit types blank.
Taxes
You are required to use Federal Payroll Taxes Payable (2330) for the default
tax liability account and Payroll Tax Expense (6100) for the default tax
expense account.
The following is a list of sections in the Payroll Setup wizard. Be careful when
entering information into the wizard because
Sage 50 will use that information to calculate payroll taxes and benefits that
are offered to all of the employees in your business.
So make sure you are accurate with your work.
Payroll Options
After clicking the Next button in the first window,
the Other Payroll Options window appears where you can learn more about other payroll options.
Click the next button to move to the next window in the Payroll Setup wizard.
Company Information
Next, you are asked to enter basic payroll information for your company.
Note that Sage 50 will automatically populate some fields in this window,
such as Federal Employer ID and State Employer ID,
using the information entered when
the company data file was created for your business.
Once you have reviewed the information in this window, click Next.
Pay Types
You are then asked to enter the types of compensation offered to employees.
If some of the employees are paid on an hourly basis, select the general ledger accounts
that are used to record the regular and overtime wages and other hourly pay types.
If your business pays salaries, select the general ledger accounts that
are used for different salary pay types. Once you have reviewed your selections, click Next.
Benefits
Here you are asked to indicate the types of benefits offered to your employees. If
your company provides employment benefits such as vacation and retirement benefits,
enter check marks into the appropriate boxes and then
enter information about those benefits into the Payroll Setup wizard. If your company does
not provide any benefits to the employees, each box next to the different benefit
types should be left blank.
Click Next when you are ready.
Taxes
You are then asked to select the default general ledger accounts that
record the amount owed and the expense incurred for payroll taxes. Sage 50
automatically populates the account fields in this window. You can either accept the
default accounts or change them if required. Click Next once you have made your selections.
Setup Complete
When you reach the final window in the Payroll Setup wizard,
you can see the Finish button appears in the lower right corner of the window.
Click Finish to complete the Payroll Setup wizard.
Remember that after you have completed the Payroll Setup wizard, you can
review the information you have entered earlier. In the Employees & Payroll Navigation Center
from the Menu Bar select Maintain then select Payroll and then select Payroll Settings
from the list provided. This opens the Payroll Settings window where you can access the windows in the
Payroll Setup wizard.
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