How to set up statutory holiday pay

Creating a separate income for statutory holiday pay in Sage 50 Accounting.

Rename one of the income categories as a Stat Pay

1. Go to Setup, Settings.
2. Click Payroll, then Incomes.
3. Rename an available Income field to Stat Pay.

Verify the settings for this new income

1. Go to Setup, Settings, Payroll, then Income.
2. The stat pay will appear here, select Income under the Type column.
3. If you won't be calculating insurable hours for the stat pay, select Income rather than Hourly Rate. 
4. Select the appropriate taxes to apply.
5. If you record insurable hours without calculating them, remove the checkmark in the Calc. Ins. Hours column.

Select a linked account for the new income category

1. Go to Setup, Settings, Payroll, then Linked Accounts.
2. Click Incomes and select the account for the Stat Pay income.
3. If an account is unavailable, create a new one.
4. If your company uses Expense Groups, click Expense Groups to under Linked Accounts.
5. Link the stat pay income and click OK.

Modify the Employee record

1. Go to Employees & Payroll, then Employees.
2. Double-click an employee name to open the employee records.
3. Select the Income tab.
4. Put a checkmark beside the stat pay and enter the amount if necessary. You can also enter this in the Paycheque window.