Tips

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.

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Tips

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.

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Tips

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).

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Tips

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.

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Tips

Tips

Payroll 

Payroll New Year

  1. 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.

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Tips

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.

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Tips

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.

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Tips

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.

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Tips

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.

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Tips

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.

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Tips

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.

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Tips

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.

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Tips

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

read more
Tips

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.

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Tips

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.

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Tips

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.

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Tips

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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Tips

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.

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Tips

Tips

Accounts

There are times you need to record one off payments, such as a payment of bank interest or purchases from petty cash.

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