How to create a new payroll benefit

Steps on how to create a new payroll benefit in Sage 50 Accounting.

There are three steps to create a new payroll benefit. Create the benefit, enter the linked accounts, then enable the benefit to the employee record.

Create the new benefit

1. On the home screen of Sage 50, go to View, Close All Other Sage 50 Windows.
2. Go to Setup, Settings, Payroll, Incomes.
3. Click the EN FR button by the next available income. Then rename to the one you want to create.
4. Change the Type of the income to Benefit.
   • If your benefit is Quebec-only taxable, then select the Type to Benefit (Que)
5. Put a check mark in the appropriate taxes columns.
6. Click OK.

Enter the Linked Accounts for the benefit

1. Select Setup, Settings, Payroll, Linked Accounts, then Incomes.
2. Link the new benefit to the wages account
    NOTE: You can link the benefit to a different expense account if desired.
3. Select OK.

Enable the benefit for each employee

1. Open an employee record.
2. Select the Income tab.
3. Select the Use column beside the new benefit.
4. Enter the appropriate amount in the Amount per Unit column.
5. Save and Close.
6. Repeat for the next employee who will use this benefit.
7. Verify that you can now start using the new benefit.

You can also create a group benefit such as Group RRSP or MSP with employer expenses and employee contributions. Find out how to create group benefits.