Summary
There are three steps to create your payroll deduction in Sage 50 Accounting. Create the deduction, link the deduction, then add it to the employee record.
Resolution
NOTE: Only Sage 50 Premium or Quantum 2024 or newer offer deductions types: Percent of Incomes, Rate x Hours Worked, and Percent of Hourly Rate.
Create the deduction
- Select Setup, Settings, Payroll, Deductions.
- Choose the next available deduction and rename it to want you want.
- If the list is blank, select Setup, Settings, Payroll, Names, Income & Deductions
- Give the deduction a name
- Change the type of the deduction in the Deduct By column, such as Amount, Percentage of Gross, etc.
- Choose to apply this deduction either before or after taxes.
- To have the deduction taken off of the Gross, leave the columns unchecked
- To have the deduction taken off the Net, you must check the columns that apply
Link the new deduction
- Select Setup, Settings, Payroll, Linked Accounts then Deductions.
- You’ll see the new deduction in the column.
- Click the magnifying glass in the Linked Accounts column and select a Payable or Expense account.
- Link each deduction to a different account
Add the deduction to the Employee Record
- Open the Employee record.
- Select the Deductions Tab.
- Put a checkmark in the Use column beside the New Deduction, then enter the rate for the Deduction.
- Select Save and Close.
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