Employee Records Window in Sage 50 Accounting

The Employee Records Window in Sage 50 Accounting feature within the Sage 50 is all about helping you manage and analyze the cash flow. This platform helps you to examine where the revenues and expenses are coming from and project future cash flow.

The Statement of Cash Flows is also designed to help the user determine those categories of cash flow that you should be most concerned about: operating, investing, or financing. It also displays the changes to various accounts over a period of time so that you can assess where your earnings and expenses are being allocated. Some other smart features include:

• ‘Broadcast’ invoices to multiple customers
• To be able to Create custom recurring invoices
• To be able to Get paid faster with the help of the online ‘Pay now’ functionality

• The Payments and Banking: The accounts payable and banking features comprise the purchase orders, invoices, payments, bank feeds, and account reconciliation. It is also completely integrated with the inventory management system. The user can now easily automate any of these processes to be able to eliminate the hassle of manual entry.
• Advanced inventory Management: With the help of this, you can now know what is in stock and what is on order. You can now view the quantities on hand and stay on top of purchase orders.
• Job and Project Costing: Now you can acquire a much better insight into all your tasks and projects and also know what you are spending and where. Likewise, it is also easy to view the duration of your jobs and the time that the projects are taking to complete. This way you can easily estimate how much money you are making on every job.
• Payroll: You can enjoy the simplified payroll processes for your employees with the help of direct deposit, paycards or direct-deposit checks. Likewise, you can also monitor employee records like payroll checks that you have processed and the payroll taxes that you collect from your employees.
• Reporting: You can now make the most out of an impressive leverage of over 150 reports within Sage 50 including specialized reports for construction, manufacturing, distribution, and more. You can also track the performance of projects that you are managing with views within Sage 50 or to create the required departments for customized views.

So, you see, adding employees on to Sage 50 Accounting allows the user to keep track of basic information, such as the hire date of the employee and the amount you have paid the employee over a year. It is also necessary if you wish to make the most of Sage 50 Accounting Automatic Payroll calculations and Payroll Updates. Within the Employee Records window, the user can: add, modify, or remove information on the following tabs:

Read More : How to Manage Employee Record Information in Sage 50

Personal

Here you can easily:

• Record the contact of the employee and other such personal details.
• To be able to add the mailing address of the employee.
• To be able to add the personal email address of the employee.
• To be able to select the preferred language of the employee.

Work Details

Here you can:

You can now record the work-related information of the employee including hire date, work email address, termination date, and department information:

• You can now select an employee’s gender
• You can now select the type of employment of the employee
• Are able to assign a job category to this employee
• Are able to Assign a department to this employee.
• You can now assign an expense group to this employee.
• You can now add the employee’s work email address
• It is also possible to Sync with Sage HR
• It is now possible to enter an employee’s employment termination date
• You can now enter ROE code in an employee’s record.

Taxes

With this you can now:

• Record the tax information of the employee and also turn on or off the deductions for Employment Insurance, CPP or QPP, and Québec Parental Insurance Premiums.
• To be able to add or modify the personal tax information of the employee
• To be able to modify the tax table used for employee payroll taxes
• To be able to enter historical information regarding an employee

Income

With this feature you can now:

set up how Sage 50 Accounting calculates the amounts on your employee’s paycheque.

• To be able to retain vacation pay
• To be able to calculate accrued vacation pay
• To be able to modify the settings used to calculate an employee’s income
• To be able to enter historical information about an employee

Deductions

With this feature you can:

• Record the deductions within an employee’s paycheque.
• To be able to modify the settings that is used to calculate an employee’s deductions
• To be able to Enter the historical details about an employee.

WCB and Other Expenses

With this you can now:

• Records compensation of the worker and other expenses incurred by the employer.
• Are able to modify the Workers Compensation rate for an employee
• To be able to enter the user-defined expenses for an employee
• To be able to enter historical information about an employee.

Entitlements

• This feature helps record the entitlements such as the sick days that an employee receives, and the number of hours in a work day.
• To be able to modify an employee’s entitlement
• To be able to enter historical information about an employee

Direct Deposit

• If you wish it deposit the employee’s paycheque directly into their bank account, you need to enter their bank information within this tab. One can also indicate where the direct deposit stubs should be sent if sending via email.
• To be able to add or modify an employee’s bank account details.

Memo

With this feature you can now:

• Record any task or date-sensitive details about an employee.
• To be able to add or modify the memos within an employee record

Additional Information

With the help of the Employee Records Window in Sage 50 Accounting, it is possible to record any additional information such as: commission percentages and emergency contacts regarding an employee. One can make this information pop-up with every sales transaction or whenever you are processing their paycheque.

• You can now, add, change, or remove the additional details within an employee’s record
• You can now show or hide an employee’s additional Information Note in transactions
• You can now add the employee’s Member # for PRPP and VRSP

T4 and RL-1 Reporting: With this you can now:

• Record any payroll details that are displayed within T4 or Relevé 1 slips.
• You can now add or modify an employee’s T4 or RL-1 report information
• You can now enter historical information about an employee.

Also Read : How to Print a Record of Employment and Make Adjustments in Sage 50

Conclusion

This is all that we have at the moment regarding the Employee Records Window in Sage 50 Accounting. How did you like this article so far? Do let us know in the space below.

Frequently Asked Questions (FAQs)