Enter Employee Beginning Balances
Once you save an employee, but before you post any transactions, you can enter year-to-date earnings and withholdings for the employee. You can only enter beginning balances for sales reps who are selected as Both (Employee and Sales Rep).
- Open the Employee Beginning Balances window.
- From the Maintain
menu, select
- Click the Employees icon on the Payroll Navigation Aid.
- Enter or select the employee ID to display the employee information. If you don't select an employee here, you can select one on the Employee Beginning Balances window.
- On the General tab, select the Employee Beginning Balances button. Sage 50 displays the Employee Beginning Balances window.
- If you didn't select an employee on the Maintain Employees window, select an employee on the Employee Beginning Balances window.
-
Set up dates for the balances you're going to enter. You can enter
up to 52 dates for paychecks, or you can enter quarterly dates, so that
quarterly reports and W-2s will compute properly.
Beginning balances are available only for Employee fields, not Employer (Company) payroll fields.
-
When you're finished entering the dates, enter balances for each
appropriate payroll field, gross pay, deductions, and allowances.
Note: Deductions must be entered as negative amounts.
- When you're finished entering the earnings and withholdings, click Save.
- To enter beginning balances for additional employees, select another employee from the list.
- After you have finished entering and saving the beginning balances, click Close to return to the Maintain Employees Sales Reps window.
Sage 50 displays the Maintain Employees/Sales Reps window.