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  • Vacation Pay - confused about expense vs liability

    Looking at an Income statement for a period, under Payroll Expenses is "Wages & Salaries" along with EI and CPP employer portions. Clicking on "Wages & Salaries" here opens its General Ledger and Vacation pay amounts are not included. Do we have something…
  • Free webinar - Set up automatic payroll postings to Sage 50cloud Accounts using the Nominal link

    If you're using both Sage 50cloud Payroll and Sage 50cloud Accounts, did you know you can configure your software to post your payroll values to accounts in just a few clicks? Using the Nominal Link option saves you time and ensures that you record…
  • Are you applying employee increases this month?

    Some companies apply employee salary/wage increases in January. Apart from updating each employee’s Increase (INC) screen with the new salary/wage, you may make use of Batch processing or Global Increases . Use of Flexi Financial imports are also available…
  • Save time posting salaries, use the Nominal Link

    If you have a subscription to both Sage 50cloud Accounts and Payroll, you can save time when paying your employees, by having your salary journals automatically post to Accounts. Nominal Link works by connecting Sage 50cloud Payroll to your Accounts…
  • Payroll linked accounts

    The payroll linked accounts are showing up in settings but when I try to add an account to an income that isn't linked yet, it won't show the regular Wage & Salaries account. I tried to copy and paste from another linked account that already has that…
  • Overpayment on Wages

    Looking to see if anyone can help me. We had an employee that got an overpayment on their wages for a few weeks and we arrange for them to pay it back into our bank account. Does anyone no what nominal code I would put this against? Thank you.
  • BIBC - Wage schedules effective November 2018 published

    The Building Industry Bargaining Council (BIBC) published the latest wage schedules effective November 2018 Click here to visit the website and download the latest schedules. Ensure all changes and increases are inplemented on your payroll as soon…
  • Credit Card tip payable

    Hello, We run a restaurant business and most tips come from credit cards. We pay our servers weekly, adding in their tips owed from the week's sales. My question is how to clear the tip payable account and what type of account is should be? The type…
  • Under Reported Federal Wages

    I just discovered that I have an employee who's federal wages are under reported by $2114 on his W-2. No taxes are due as he files exempt from withholding. The Social Security/Medicare wages were reported correctly. I am going to file an amended 941-X…