Chapter 4: Employees Copyright ©2017 by McGraw-Hill Education. All rights reserved. Copyright ©2016 McGraw-Hill Education. All rights reserved.
Employees In Chapter 4, you learn how Sage 50 processes payroll. Once default and employee maintenance information is set up, payroll is a simple process. Copyright ©2017 by McGraw-Hill Education. All rights reserved. Copyright ©2016 McGraw-Hill Education. All rights reserved.
Sage 50’s Payroll System Select employees Set up Employee Defaults Select employees Enter tax information and define payroll fields Employees Employee Maintenance Record transaction Select employees/sales reps Select payroll entry Set up employee rates and special deductions Enter employee paycheck information for a specific pay period Sage 50’s Payroll System Copyright ©2017 by McGraw-Hill Education. All rights reserved. Copyright ©2016 McGraw-Hill Education. All rights reserved.
Sage 50 Tips All work in Chapters 1, 2, and 3, including the end-of-chapter exercises, should be completed before starting Chapter 4. When you are ready to print paychecks, you pick a form to print. The paycheck form selected is tied to the kind of printer you are using. The paychecks shown in Chapter 4 are OCR Multi-Purpose PR Laser. Depending on the kind of printer being used, you may need to make a different selection for printing forms. Copyright ©2017 by McGraw-Hill Education. All rights reserved. Copyright ©2016 McGraw-Hill Education. All rights reserved.
Sage 50 Tips In Chapter 15, Employees, Payroll and Account Reconciliation, you learn more about Sage 50’s payroll defaults. For example, each employee and employer deduction will be set for individual liability accounts and expense accounts. Copyright ©2017 by McGraw-Hill Education. All rights reserved. Copyright ©2016 McGraw-Hill Education. All rights reserved.
Excel (.xlsx) and Adobe (.pdf) Backing Up Chapter 4 In Chapter 4, you make two backups, and save one Excel file and one PDF file. The chart showing backups, PDF files saved, and reports exported to Excel, refer to the Part 1 introduction. Backup File (.ptb) Excel (.xlsx) and Adobe (.pdf) KB Page Nos. Chapter 4.ptb 3,476 KB 149 Exercise 4-2.ptb 3,564 KB 151 Exercise 4-2_Payroll Check Register.xlsx 13 KB Exercise 4-2_Payroll Check Register.pdf 19 KB Copyright ©2017 by McGraw-Hill Education. All rights reserved. Copyright ©2016 McGraw-Hill Education. All rights reserved.
Employee Defaults window From the Navigation Bar, select > click > Set Up Employee Defaults. Copyright ©2017 by McGraw-Hill Education. All rights reserved. Copyright ©2016 McGraw-Hill Education. All rights reserved.
Employee Fields After selecting the Employee Fields tab, this window is shown. Copyright ©2017 by McGraw-Hill Education. All rights reserved. Copyright ©2016 McGraw-Hill Education. All rights reserved.
Company Fields After selecting the Company Fields tab, this window is shown. Copyright ©2017 by McGraw-Hill Education. All rights reserved. Copyright ©2016 McGraw-Hill Education. All rights reserved.
Maintain Employees/Sales Reps The Maintain Employees & Sales Reps window is shown in Chapter 4. Copyright ©2017 by McGraw-Hill Education. All rights reserved. Copyright ©2016 McGraw-Hill Education. All rights reserved.
Maintain Employees/Sales Reps For Brandee Nunnley’s pay information, click on the Pay Info tab. Copyright ©2017 by McGraw-Hill Education. All rights reserved. Copyright ©2016 McGraw-Hill Education. All rights reserved.
Payroll Entry for salaried employee Copyright ©2017 by McGraw-Hill Education. All rights reserved. Copyright ©2016 McGraw-Hill Education. All rights reserved.
Payroll Entry for hourly employee Copyright ©2017 by McGraw-Hill Education. All rights reserved. Copyright ©2016 McGraw-Hill Education. All rights reserved.
Journal Entry for Payroll Account Description Debit Credit Wages Expense (Regular Hours) 720.00 Wages Expense (Overtime Hours) 40.50 Federal Payroll Taxes Payable (Fed_Income) 84.08 Social Security (Soc_Sec, Employee) 47.15 Medicare (Medicare, Employee) 11.03 State Payroll Taxes Payable (State) 33.01 Payroll Checking Account 585.23 Copyright ©2017 by McGraw-Hill Education. All rights reserved. Copyright ©2016 McGraw-Hill Education. All rights reserved.
Online Learning Center Go online to www.mhhe.com/yacht2016 for additional resources. Link to Student Edition, select Chapter 4. Interactive Testing Glossary of Terms Narrated PowerPoints Assessment Rubric Going to the Net QA Templates FAQs Troubleshooting Review of Accounting Principles Copyright ©2017 by McGraw-Hill Education. All rights reserved.
Going to the Net Access All Accounting Careers website. What is the career outlook for accounting professionals? What organizations should beginning accounting professionals join? What are average Accountants and Auditors salaries? Copyright ©2017 by McGraw-Hill Education. All rights reserved. Copyright ©2016 McGraw-Hill Education. All rights reserved.
Analysis Questions What pay methods does Bellwether Garden Supply use to pay employees? Briefly explain how you determine Bellwether’s pay method. Are all employees paid the same way; for example, bi-weekly? Explain how to determine the frequency with which an employee is paid. Copyright ©2017 by McGraw-Hill Education. All rights reserved.
Navigation Center/Module Assessment Rubric Date Transaction Navigation Center/Module Task Window Journal Dr./Cr. 3/29 Record paycheck information for Derrick P. Gross. Copyright ©2017 by McGraw-Hill Education. All rights reserved.