Set Up a Payroll Income

Related topics

Learn about income types in Sage 50 Accounting

Create an employee record

Payroll incomes are used to track and calculate your employee's income, including benefits and reimbursements. In your company settings, you can set up your payroll income by:

  • Modifying the payroll incomes that are pre-defined in Sage 50 Accounting.

    Note: The payroll incomes in the blue area of the table cannot be modified. You may not be able to rename all payroll incomes.

  • Modifying the additional payroll incomes provided. An example of an additional payroll income in the company settings is Income 4.

To modify a payroll income, do one or more of the following tasks:

Switch to single-user mode (Sage 50 Premium Accounting)

  1. In the Home window on the Setup menu, choose Settings.
  2. Click on Payroll, and then Income.
  3. In the Type column, double-click the income type next to the payroll income you want to modify.
  4. Select the income type you want and click Select.
  5. Click OK.
  1. In the Home window on the Setup menu, choose Settings.
  2. Click on Payroll, and then Income.
  3. In the Calc. columns, select or clear the taxes, benefits, or deductions you want associated with this modified payroll income.
  4. Click OK.
  1. In the Home window on the Setup menu, choose Settings.
  2. Click on Payroll, and then Names, followed by Income and Deductions.
  3. In the Name column of the income table, click the income you want to modify and type in the new name.
  4. Click OK.

You also need to add a linked account for the payroll income, so that the correct payroll expense account will be updated automatically.

After you have set up the payroll incomes, you need to modify the employee's record to use these payroll incomes in the payroll calculations.