Chapter 4: Employees Chapter 4: Employees Copyright © 2014 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin

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. 2 of 18

Set up Employee Defaults Select employees Enter tax information and define payroll fields Employees Employee Maintenance Record transaction Select employees/sales repsSelect payroll entry Set up employee rates and special deductions Enter employee paycheck information for a specific pay period Sage 50’s Payroll System 3 of 18

Sage 50 Tips 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 on pages 147 and 148 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. 4 of 18

Sage 50 Tips 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. 5 of 18

Backing Up Chapter 4 Backup File (.ptb) Excel (.xlsx) and Adobe (.pdf) KB Page Nos. Chapter 4.ptb 3,810 KB 149 Exercise 4-2.ptb 3,816 KB 151 Exercise 4-2_Payroll Check Register.xlsx 13 KB 151 Exercise 4-2_Payroll Check Register.pdf 58 KB 151 In Chapter 4, you make two backups, and save one Excel file and one PDF file. For all the backups made in Part 1 (Chapters 1-8), refer to the chart on pages 2 and 3 in the textbook. 6 of 18

Employee Defaults window, pp From the Navigation Bar, select ; click, Set Up Employee Defaults. 7 of 18

Employee Fields, p. 136 After selecting the Employee Fields tab, this window is shown. 8 of 18

Company Fields, pp Read the information on pp After selecting the Company Fields tab, this window is shown. 9 of 18

Maintain Employees/Sales Reps, pp Complete steps 1 and 2 on pages The Maintain Employees & Sales Reps window appears on p of 18

Maintain Employees/Sales Reps, p. 149 Click on the Pay Info tab. Pay information for Brandee M. Nunnley appears below step of 18

Payroll Entry for salaried employee, pp The completed Payroll Entry on page 154 is shown below. 12 of 18

Payroll Entry for hourly employee, pp The completed Payroll Entry on page 145 is shown below. (Three overtime hours are added.) 13 of 18

Journal Entry for Payroll, p. 149 Account Description DebitCredit Wages Expense (Regular Hours) Wages Expense (Overtime Hours) Federal Payroll Taxes Payable (Fed_Income) Social Security (Soc_Sec, Employee) Medicare (Medicare, Employee) State Payroll Taxes Payable (State) Payroll Checking Account of 18

Online Learning Center  Go online to for additional resources. Link to Student Edition, select Chapter 4. o Interactive TestingAppendix A: Troubleshooting o Glossary of TermsAppendix B: Acctg. Info. Systems o Feature QuizzesAppendix C: Review of Acctg. o Narrated PowerPointsAppendix D: Glossary o Assessment Rubric o Going to the Net o QA Templates 15 of 18

Going to the Net Access the All Accounting Careers website at According to the Bureau of Labor Statistics, how much is the field of accounting expected to grow? 2. What do accounting salaries look like, and which industries hire accountants? accounting salariesaccounting salaries 3. Do accounting salaries differ? 16 of 18

Analysis Questions 1. What pay methods does Bellwether Garden Supply use to pay employees? Briefly explain how you determine Bellwether’s pay method. 2. Are all employees paid the same way; for example, bi-weekly? Explain how to determine the frequency with which an employee is paid. 17 of 18

Assessment Rubric DateTransaction Navigation Center/Module Task Window Journal Dr./Cr. 3/29Record paycheck information for Derrick P. Gross. 18 of 18