When we introduced Sage 100 Payroll 2.0 in 2018, we did so intentionally, with a view to taking a trusted module and aligning it to our larger vision for Sage 100cloud.
Bringing Payroll to our business object framework has meant that users can benefit from many additional capabilities, including dual grids and batch processes to increase data entry efficiency, the ability to easily customize fields, tables, and scripts in ways that persist with product upgrades, and the use of Visual Integrator to automate imports from almost any third-party system.
As cloud-connected, Sage 100 Payroll 2.0 allows for automated, real-time updates to current federal, state, and local tax rates based on the latest legislation changes.
And as a separate subscription, Sage 100 Payroll 2.0 has meant that users can increase their agility in the face of change though the ability to install the latest updates independently of Sage 100cloud.
Our 2.0 release of Sage 100 Payroll marked an increased level of focus on the module through a roadmap that would see accelerated feature development alongside the acceleration we are driving for core Sage 100cloud. Building on the momentum we have developed through the introduction of more than 100 enhancements since the release of Sage 100 Payroll 2.0, Sage 100 Payroll 2.19.3 aims to help our customers to more easily navigate challenges in four key areas:
'Other' Tax Deduction Tracking
Easier tracking of ‘other’ tax deductions using multiple General Ledger accounts. Until now, ‘Other’ tax deductions have been bucketed under state tax and could only be recorded in a single GL account. This meant that accountants had to maintain separate spreadsheets to track state and other taxes. With Sage 100 Payroll 2.19.3, we have added the ability to track state and ‘other’ taxes in separate GL accounts, so they appear in separate items. Fewer spreadsheets means increased efficiency, more accuracy, and better data governance.
Employer Contribution Reporting
Allowing contribution expense account entry for employer contribution deductions. Recent tax law changes require employer contributions be considered part of an employee’s total compensation. In response, we have added two new features to assist businesses with employer compensation reporting. We have modified Department Maintenance to allow the entry of a Contribution Expense Account for EmployER Contribution Deductions, and we have modified Check and Direct Deposit Printing to print EmployER Deductions.
Lookup and reversal of checks outside the current quarter. Sometimes an employee loses a paycheck outside of a quarter for which books have been closed, and after payroll reporting has been completed. Traditionally what this means is that reversals need to be processed in the current quarter, but entered with the correct date in the GL. This creates inconsistencies in history reporting. Our latest release of Sage 100 Payroll allows the lookup and reversal of any checks outside the current quarter by users with the right permissions, while also adding a corresponding security event in the audit history
Pension Plan Reporting
A New Old Pension Plan Report. In Sage 100 Payroll 2.0 we replaced the Pension Plan History report with a new Pension Profit Sharing report. While the new report has been a valuable feature for many of our customers, several have missed the old report, noting that it made it easier to verify that they have been provided with the right information. Rather than modify the new report, we have brought the old report on framework and added it to the menu as Pension Plan Audit Report.
As we talk about how we are accelerating innovation in support of the Sage 100 product line, I would be remiss if I didn’t also mention some significant changes we are making to the core product.
This week, in addition to enhancements to Sage 100 Payroll, we also released Sage 100 2019.1. In this version, we improved Paperless Office by adding an email merge field for package tracking. As an exclusive for Sage 100cloud customers, we have also expanded access to the Journal and Register Viewers from G/L Account Maintenance and G/L Account Inquiry so users don’t have to search for the specific journal in the list of PDFs. To help you get the most out of your Sage 100cloud experience, we also added more 'Grad Caps' so that users have greater access to more of the educational resources they need, right where and when they need them.
For more information about our most recent releases, check out our release announcement HERE.