Sage Payroll Year end

There are things you can do to start to prepare for the Sage Payroll year end.

Check if you have a week 53.

If you pay your employees weekly, fortnightly or four weekly and your regular pay date falls on Sunday 5^th April 2026, then you have a week 53.

Note: If you pay your employees monthly, you do not have a week 53, or, if you do not pay your employees on a Sunday, you will not have a week 53.

This is simply an extra period within the tax year.  If you have a week 53, process it as normal and the software automatically calculates the payments correctly.

Print and check the P32 Employer Payment Record

It is a good idea as we are now near the tax year end to check what you have paid to HMRC agrees to your P32, so any over or under payments can be corrected in a timely fashion.

Printing the P32 Employer Payment Record.

1. Click Reports the click Period End.
2. Select Form P32-Employer Payment Record then click Print.
3. Enter the required tax month range e.g. month 1 to 10, then click OK, OK.
4. Ensure your printer detail are correct then OK then click Close.

You have now successfully printed the P32 for the first 10 months of the Tax year.  You should now check the information on the P32 report against the payments you have made to HMRC, check that there are no under or over payments, if there are these can be corrected with your next month’s payment.

If you need help printing your P32 report and/or checking your payments against your P32 report or need any other help or advice with your payroll, please contact us

We can also provide a remote access service where we can link into your computer to help you resolve your Sage Accounts or Payroll problems.

Sage 50 Accounts

Management Reports

In Sage 50 Accounts there are various management reports which show the overall value or profitability of your business in a few short reports, such as a balance sheet, profit and loss and trial balance report.

The Balance Sheet report – Shows the worth of your business at any given period in time.  It details your business’s assets and liabilities.

The Profit and loss report – Shows how your business is doing over a specific period of time.  It shows the value of sales, purchase, expenses, and overheads, then your business’s total profit or loss.

The Trial Balance report – Shows each nominal code balance up to a specified period. The balance displays as debits or credits.

How to run a management report

1. On the navigation bar, click Nominal codes.
2. Click your management report, for example Profit and Loss.
3. Click how you want to output it, for example, Preview or Printer then click Run.
4. Select the Period e.g. April 2024 and 9: September 2024 to run a Profit and Loss account for 6 months.
5. Select the Chart of accounts you want to use, the Default Layout will have all the nominal codes included, but you can have may different layout depending on what information you want to report on.
6. Click OK.

If you would like help with running management reports, or if you need any other help with your Sage 50 Accounts, please contact us