Create the Income or Deduction

1. Open your file in sysadmin, single-user mode.
2. Go to Setup, Settings, Payroll.
3. Select Incomes or Deductions.
4. Rename the next available Income or Deduction by clicking the En Fr box.
   
5. Select the desired Type of income.
   
   
   
6. For Deductions, select the Deduct By type.
   • Amount, Percent of Gross
   • Percent of Incomes, Rate x Hours worked
   • Percent of Hourly Rate. Note: Percent of Incomes
   • Rate x Hours worked and Percent of Hourly Rate are only available in Sage 50 Premium or Quantum 2024 or newer
7. Adjust the checkmarks in the Deduct or Calc columns, as necessary. 

Linking Accounts

Link the new Income

1. Select Linked Accounts, Incomes.
2. Locate your new Income in the column.
3. In the Linked Accounts column, select the appropriate account.

Link the new Deduction

1. Select Linked Accounts, Deductions.
2. Locate your new Deduction in the column.
3. In the Linked Accounts column, select the appropriate Linked Account and Payment Adjustment Account.

Enabling the new Income or Deduction

Enabling the New Income

1. Open the Employee Record and go to the Income tab.
2. Select the Use checkbox in the column beside the new Income.
3. Enter the appropriate rate or amount for the Income in the appropriate column.

Enabling the New Deduction

1. Open the Employee Record and go to the Deductions tab.
2. Select the Use checkbox in the column beside the new Deduction.
3. Enter the appropriate rate for the Income in the Amount per Pay Period or Percentage per Pay Period column.

How to set up statutory holiday pay or bonus income 

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