Setting up your company's employees involves three tasks: setting employee defaults, setting up data records for your employees, and entering beginning balances from any outstanding payroll amounts for employees. So before you begin the process, you should assemble
You should also be ready with the following additional employee information:
You can set up as many as twenty different pay levels for each of the two types of employees. Since this is the case, you will want to review and consider the different categories of pay your company designates.
Payroll Fields: Also, setting up payroll defaults includes assigning payroll fields for Form W-2 and for taxes paid by both the employee and the employer. Further, you need to decide how tax calculations for each payroll field should be made. You may want to consult your accountant for additional help in setting up payroll fields.
Direct Deposit: If your company has signed up for the Sage 50 Direct Deposit service, Sage 50 lets you set up employees for direct deposit payroll transactions. To set up your direct deposit employees, consult the Employee Authorization Agreement for each employee so you can enter information about the bank account or accounts the employee wants to use for direct deposit distributions. Tell me more about setting up Sage 50 Direct Deposit.
We recommend you review the topics listed below. They will familiarize you with some of the choices you need to make before setting up accounts payable.