How to Eliminate Paycheck Errors in Sage 50
Payment and invoicing are one of the most important modules embedded in Sage 50 Accounts. With the help of this, businesses can create and ensure timely payments of invoices related to their products and services, with effortless ease. They can make payments in time, track how much to receive from the customers and vendors, when the payments are due and others.
If you are fairly new to Sage 50, it’s pretty common for you to experience errors while generating paychecks in Sage 50. This is what happened to many users and in this blog, we will look at how to address this issue. By eliminating paycheck errors and maintaining accurate payroll data, you can keep your staff happy.
Here we go..
What is the Procedure to Correct the Paycheck of an Employee?
Please follow the steps below-
Total Time: 35 minutes
Print Historical Paychecks
Before starting to rectify an error in the payroll, please ensure to have the details regarding the original payments of the employee. For this information, you can reprint the paycheck of this employee. This will help you calculate any adjustments after the necessary correction is made.
By using the RollBack option, you can remove the employee’s payment history. Now you can go back and enter the corrected values related to his paycheck.
Enter the Corrected Values
🔹 Click on Payroll
🔹 Click on the Change Process Date tab
🔹 Now enter the original payment date and click OK.
🔹 Click on Enter Payments
🔹 Enter the corrected values. The deductions will be recalculated automatically.
🔹 Click Save or Next,
🔹 Click Close.
🔹 Now go to Pre-update Reports and choose the relevant paycheck layout.
🔹 Click Preview to check if the values are correct
🔹 If satisfied, click Print.
🔹 Click Close twice
🔹 Click on Update Records and click Yes.
🔹 Once the wizard is complete, click OK to finish.
Submit an FPS (Full Payment Submission) or FPS Adjustment
🔹 If you are yet to submit an FPS for this pay period, you will need to submit the FPS as normal.
🔹 If you have already submitted an FPS for this period and have noticed the mistake after submitting the same, you must submit an adjustment against this FPS.
Adjust Net Pay and HMRC Payments
If after the correction, the net pay of the employee has changed, you will need to ensure that the correct amount has been paid to him. To make sure, compare the original paycheck with the new paycheck. You will also need to reprint your P32 report and pay the new corrected amount to the HMRC.
We hope the above discussion would help you eliminate paycheck errors in Sage 50. If you are still facing any difficulties related to this, you may speak 1800 964 3096 to the Sage experts.
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