Sage 50 US Year-end Center

About Form W-4, Employee's Withholding Certificate Publication 15-T Federal Income Tax Withholding Methods

Covid-19 and Paid Family & Medical Leave Setting up Colorado Paid Family Leave (COPFL) Connecticut paid family leave setup Error: "Missing Connecticut CTPL record" when preparing W-2 DC Paid Family Leave - Setup Instructions MA Paid Medical…

Below are instructions to guide you through purging unnecessary data in Sage 50. When should I purge my Sage 50 data? Purging is the process of removing inactive customers, vendors, employees, jobs, quotes, invoices, purchases, and so…

Browse year-end checklists that can help you with critical tasks during this busy time of year. Payroll Year-End Checklist Financial Year-End Checklist Closing the Fiscal/Payroll Year Recommendations Purging Unnecessary Data

Step 1: Complete all transactions for the year Before you run your final financial reports, all transactions must be completed for that year. Step 2: Fixed Asset year-end procedures The following information applies only if you…

First you will want to check if you're on the latest payroll tax update: How can I tell what tax update or Service release that I have installed? You can check for updates through your help menu in the product: How to install updates For download…

How To How does e-File work? How to enroll in E-filing How to change bank routing number for eFile Can I e-File a corrected W-2? How can I determine which Sage 50 U.S. Edition state tax forms are available to e-file? Common issues E-file…

How To How do I make adjustments to general ledger accounts? How to run the Year-End Wizard How to purge data FAQs Sage 50—U.S. Edition Year End: What you need to know and FAQ Once I have closed the year, am I able to access that information…

How To How to install tax formula and tax form updates How do I manually update my local taxes for the new year? How do I view an annual tax liability report for my state taxes? How do I set up a Roth 401(k) deduction? How to run payroll reports…

Note: for the latest information about your solution, visit the "Announcements" forum How To How to install updates How to install payroll updates How to check for updates Documentation Sage 50—U.S. Edition Tax Update Bulletin Can…

Documentation How do the payroll formulas work? What is the best report to use to show an employee's gross amount and deductions for the year? How To How do I make payroll adjustments? How can I correct a payroll check? Should I delete a…

Print or e-file Year-End 940 / 941 Federal Forms This section covers the 940 and 941 federal forms you should submit to the federal taxing authorities at year-end. These forms are used for filing quarterly and annual payroll information with the federal…

This section covers state forms you should print at year- end to report your payroll information to the state taxing authorities. If you have subscribed to the Sage 50 Business Care Gold or Sage Business Care Platinum plan, you can print your yearly…

How to print or e-file W-2s and W-3 forms Note : To print and file employee copies of the W-2, you will need the Laser W2 4-Up – plain perforated paper with filing instructions on the back. This form is designed to provide 4 copies without using carbon…

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…

A Sage 50 Payroll Solutions subscription is required to print a form that can be submitted to the Federal or State tax authorities. Before printing 941 or 941B forms, install the latest Sage 50 Payroll Tax Service update to ensure that you have Sage…

This section covers reports you should run quarterly to save for your own records and to compare the information on your forms. Run the Quarterly Earnings Report : The Quarterly Earnings report displays all paycheck information for each employee with…

Use this checklist to guide you through preparing your Year End payroll information. This section has information about which payroll reports to run and how to process your Federal and State forms including the W-2/W-3, 940, 941, and 1099/1096 forms…