• What are the Journal Entries to record Payroll completed and Paid by an outside payroll company

    Hello, What are the final journal entries to record Payroll by an outside payroll company that has already completed and paid all of the payroll taxes? Am I able to just record the expenses or is there still liability entries that need to be completed…
  • Announcement: 1st January 2018 Sage 50 US Payroll Solutions Update released on Dec 19th

    The 1st January 2018 Sage 50 US Payroll Solutions Update was released today, December 19th 2017 This update contains Federal and State tax formula calculations for the 2018 calendar year reported through December 13th, 2017 . To receive this update…
  • What journal entries do I complete for outsourced payroll?

    The payroll company deducts one lump sum from our business checking which includes: Gross Payroll, Tax Withholding, 401K, Medical and a 401K loan payment as well as a service fee. This is my first time entering outsourced payroll so I am not sure how…
  • Announcement: 2nd January 2016 Sage 50 US Payroll Solutions Update releasing on January 26th

    The 2nd January 2016 Sage 50 US Payroll Solutions Update will be available the afternoon of January 26, 2016. This update includes 2016 payroll tax tables changes to the State and Local Payroll Tax calculations for the District of Columbia, Maryland,…