Tips
Payroll
Sage 50 Payroll has hundreds of great reports available to show a wide range of information to help you run your business. With so many reports it can be hard to find the right one you need.
Tips
Accounts
New Report Finder V30.1
Sage 50 Accounts comes with a multitude of reports, and it can be difficult sometimes to find the report you want. In Sage 50 Accounts V30.1 a new AI-Powered search engine for reports has been introduced, which means that you can use everyday language to find the reports you need.
Tips
Payroll
Record and delete holidays as booked or taken.
You can record holidays as booked or taken on the absence dairy in Sage 50 Payroll to help keep a track of your employee’s holidays to ensure they do not take more than they are entitled to.
Tips
Accounts
Compress Data
After clearing the audit trail or deleted a large volume of records in your software, this does not reduce the size of the data files.
Tips
Payroll
Submit an Employment Payment Summary (EPS) to show no payment due and reclaim CIS deductions
If no payment is due and Construction Industry Scheme (CIS) deductions are suffered in the same period, you must inform HMRC and submit an employer payment summary. (EPS).
Tips
Accounts
Clear Audit Trail
Once you have run the year end routine and archived the data, it can be a good idea to clear the audit trail depending on the number of transactions you have.
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.
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