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How to create a bonus income in payroll

Created on  | Last modified on 

Summary

Steps to create a bonus payout in Sage 50 Accounting.

Resolution

Rename one of the income categories as a Bonus

  1. Go to Setup, Settings.
  2. Click Payroll, NamesIncome & Deductions.
  3. Rename an available Income field to Bonus.

Verify the settings for this new income

  1. In the Settings window, click Income under Payroll.
  2. The bonus will appear here, select Income under the Type column.
  3. Select the appropriate taxes to apply.

Select a linked account for the new income category

  1. In the Settings window, click Linked Accounts under Payroll.
  2. Click Incomes.
  3. Select the account for the Bonus income. If an account is unavailable, create a new one.
  4. Click OK to close the Settings window.
  5. If your company uses Expense Groups, go to Setup, Settings, Payroll, Linked Accounts, Expense Groups to link the income.

Modify the Employee record

  1. Click Employees from the home window.
  2. Go to the Income tab.
  3. Put a checkmark beside the bonus and enter the amount if necessary. You can also enter this in the Paycheque window.


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