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Sage 50 US Year-end Center

Get all the latest knowledge articles, videos, and online resources you need for year-end activities.
Sage 50 U.S. Year-End articles and checklists Step 4: Year-End Reports
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Table of Contents
  • Home: Sage 50 U.S. Year-end Articles
  • +Installation
  • +Payroll
  • +Product and Tax Update
  • +Reports and Tax Forms
  • e-File Articles and Information
  • +Year-End Activities
  • -Year-End Checklists
    • Closing the Fiscal/Payroll Year Recommendations
    • Financial Year-End Checklist
    • -Payroll Year-End Checklist
      • Step 1: Install the latest payroll tax service update
      • Step 2: Print Quarterly Payroll Reports
      • Step 3: Print or e-File Quarterly Forms
      • Step 4: Year-End Reports
      • Step 5: W-2/W-3 Forms
      • Step 6: Print or e-File Year-End State Forms
      • Step 7: Print or e-File Year-End 940/941 Federal Forms
      • Step 8: Print 1099/1096 Vendor Forms
    • Purging Unnecessary Data
  • Government links
  • Acts & Legislation

Step 4: Year-End Reports

Yearly Earnings Report 

The Yearly Earnings report displays all paycheck information for each employee with subtotals for each quarter of the calendar year. Each payroll field is displayed with quarterly and annual totals. These totals are included in the 940, W-2, and other payroll tax forms.

How to run the Yearly Earnings report:

  1. From the Reports and Forms menu, select Payroll. The Select a Report or Form window
    appears.
  2. In the Report list, select the Yearly Earnings Report.

Tax Liability Report

You can use this report to compare what was calculated in Sage 50 U.S. versus what taxes were withheld. It includes subtotals for the 940 and 941 Federal tax forms as well as subtotals for State and Local taxes.

How to run the Tax Liability Report

  1. From the Reports and Forms menu, select Payroll. The Select a Report / Form window
    appears.
  2. In the Report list, select the Tax Liability Report 
  3. On the Options window, choose which quarter/year to print in the Date drop-down list.
    Note: If you want to only see totals on this report, select Summarize report on the
    Options screen.
  4. Click OK to run the report.

1099 Vendor Report

You can use this report to verify the information about payments to 1099 vendors.

How to run the 1099 Vendor report:

  1. From the Reports and Forms menu, select Accounts Payable. The Select a Report or Form window appears.  In the Reports list, select the 1099 Vendor report
  2. On the Options window, choose which year to print in the Date drop-down list.
  3. Click OK to run the report.

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