Tips
Payroll
Payroll New Year
- Check you’ re using the correct version.
Before you start processing the new tax year, you must have installed the update for the 2024/25 tax year, V30.00.226.
Tips
Accounts
Running a year end routine
Once you have passed your accounts year end and you have check you are ready to run a year end routine, please see last month’s newsletter on what to do, you are ready to run your yearend accounts routine.
Tips
Payroll
Sage 50 Payroll V30 New Features
New Home Page
Tips
Accounts
Prepare for year end
At the end of your financial year, you need to run the year end routine in Sage 50 Accounts before you can close your current financial year.
Before you do this, it is advisable to do few basic checks to ensure your yearend runs smoothly.
Tips
Payroll
Set up and maintain your users
You can easily set up access rights on your software so that different users can log in and help process your payroll. You can also restrict access to certain areas of the software.
Tips
Accounts
Customer statements
Statements are a great way to let your customers know if they are missing an invoice etc and remind them of any outstanding balances.
It is very easy to create statements for your customers at any time using the Customer module.
Tips
Payroll
Advance Holiday Year Wizard
When you reach the end of your holiday and/or absence year, it is easy to advance the year. This updates the balance for the new year based on your settings.
Tips
Accounts
Memorise Journals
Is there a journal or journals you need to enter every month such as a month end accounting journals or a salary journal. If you have entries that you post regularly you can use the Memorise and Recall options to save you time and prevent mistakes.
Tips
Payroll
Paying your employees at Christmas
You may need to pay your employees on a different date to normal over the Christmas break due to Holidays. If you pay early or late, it is important that you submit the correct process date on your FPS.
Tips
Accounts
Memorise Journals
Is there a journal or journals you need to enter every month such as a month end accounting journals or a salary journal. If you have entries that you post regularly you can use the Memorise and Recall options to save you time and prevent mistakes
Tips
Payroll
Show alternative row colours on your employee list
To make things easier when you are working with a large list of employees in Sage 50 Payroll, you can add alternative colours to the employee list.
Tips
Accounts
Supplier Batch Invoice or Credit Note
A Supplier batch invoice or credit note is a simple way to record a purchase or a credit note from a supplier.
Tips
Accounts
Customer Batch Invoice or Credit Note
A Customer batch invoice or credit note is a simple way to record a sale or a credit if you don’t need to print an invoice or credit note or update stock.
Tips
Payroll
Print and check the P32 Employer Payment Record
It is a good idea as we are now half way through the tax year to check what you have paid to HMRC agrees to your P32 for the last 6 months, so any over or under payments can be corrected in a timely fashion.
Tips
Accounts
Record a one-off Sale
Use a bank receipt to record your money received in Sage 50 accounts without creating a customer record.
Tips
Accounts
There are times you need to record one off payments, such as a payment of bank interest or purchases from petty cash.
Tips
Payroll
Calculating SSP
By Law you are required to pay statutory sick pay (SSP) to all employees who are ill and qualify for sick pay. Sage 50 Payroll contains the most up-to-date legislation and makes it easy to process sick pay by calculating SSP values for you.
Tips
Payroll
Report Favourites
To save time and effort finding the reports you use on a regular basis you can add then to your Favourites then run then quickly from your Favourites folder.
Tips
Accounts
Transfer Money between bank accounts
Sometimes you need to transfer money between bank accounts, or to draw cash or to pay off a credit card. To record this, you can use the Bank Transfer option, which is quick and easy to use.
Tips
Payroll
Reminders
Recurring events and reminders do not appear automatically in the diary each recurring date. They only appear when the computer date is the same as the recurring event.
Not all accountants are grey.
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