How Can I Upgrade Sage 50 to Sage Payroll
No you cannot upgrade Sage 50 to Sage Payroll. However, you can purchase a payroll subscription to enable it in Sage 50. Also, you can purchase a plan of Sage 50cloud and get access to payroll functionalities. A good payroll solution can be essential for small and medium sized businesses. With Sage Payroll, you can obviate the need to spend too much time away from the real business activities.
Steps for Install Sage 50 Payroll
Sage 50 Payroll setup can be downloaded directly from Sage’s website. Follow the steps provided below to install Sage 50 Payroll on your system:
- Launch the setup for Sage 50 Payroll.
- Click on Accept License.
- Check the correct year is shown.
- Turn on Background Update. However, you can choose to disable this option. Click Next.
- Select Typical and click on Next.
- Choose the destination for the installation of Sage Payroll.
- Wait for the installation process to complete. Click on Finish.
Once you’ve installed the program, you can launch it and create a new company. You can start storing and managing employee information from the software. Further, you can add the bank details for each employee to deposit the paycheck directly into their bank accounts.
Sage 50 Payroll – Features
There are many features present in Sage 50 payroll. Here are some of the best features that deserve a highlight:
Manage Employee Information
You can store information related to employees in Sage 50 payroll. All the personally identifiable information is stored securely. You can further increase security by setting up passwords and user roles.
Deposit Paycheck in Employee’s Bank Account
The paycheck can be deposited directly into an employee’s bank account. However, you’ll have to enter bank details for the employees for whom you want to enable direct bank deposit.
Security is a primary feature that most employers are looking for in a payroll software. A lot of sensitive data is present in a payroll software. Fortunately, you can store all payroll related data security in Sage 50. The data is properly encrypted and can only be accessed by authorized users.
Sage is known for their tax compliance with appropriate revenue agencies of a country. For instance, due to their compliance with HMRC guidelines, almost half of the businesses in the UK pay their people using Sage. Further, data can be saved securely in the windows and the settings can be altered easily.
Sage 50 Payroll can easily calculate the amount for payroll taxes and paycheck according to the data saved by the user. With automatic calculation of National Insurance and tax, it can simplify a lot of the workflow for you.
Also Read : Sage is not calculating the Income Tax deduction
Saving data is important to ensure compliance, but you can do a lot more with this data. For instance, in Sage 50 you can use the payroll data to create detailed analysis
Frequently Asked Questions for Upgrade Sage 50 to Sage Payroll
Q. Do I need to purchase a subscription of Sage Payroll?
A. In most cases, yes. However, if you have an upper tier plan of Sage 50cloud, then payroll will most likely be included in the available features.
Q. I can’t find the product and license key after I purchase Sage 50 Payroll?
A. You can log in to your Sage 50 account to find this information. When you go into the active subscription column, simply click on Sage 50 payroll. From there, note down the product and license numbers.
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