Payroll Setup with Payroll Wizard in Sage 50

1. Payroll Setup Wizard – Overview The Payroll Setup wizard strolls you through setting up most finance defaults and standard finance fields. As you answer the prompts in the wizard, Sage 50 will make for you the majority of the normal finance fields utilized in working out allowances and assessments. For instance, you are asked what the joblessness rate for your organization is. In light of the rate you enter, Sage 50 makes the state joblessness protection (SUI) business charge field and computation equation that applies to it. Read More-: Payroll Setup with Payroll Wizard in Sage 50 The Sage 50 Payroll Setup wizard lays out the accompanying: State and region defaults State joblessness rate and breaking point Normal government and state finance fields for worker paid and organization made good on charges General record account defaults for finance fields Discretionary finance fields for worker tips and dinners Discretionary finance fields for worker and boss commitments to retirement plans (401K, 403(b), and so forth), protection plans, and adaptable spending accounts Discretionary finance fields for worker excursion and wiped out time Not Ready Yet? At the point when you are first setting up an organization, nonetheless, you probably won't have all the data accessible to set up finance. On the off chance that you are not ready to enter benefit data or are don't know of specific finance arrangement choices, you don't need to work the whole way through the Payroll Setup wizard. All things being equal, you can tap the Save for Later button on any window in the wizard and afterward return to it to sometime in the future to finish finance arrangement. Read Also -: Install Multiple Versions of Sage on the Same PC