Payroll Direct Deposit Stub in Sage 50

A payroll direct deposit stub in sage 50 is a software application that helps you to keep track of your payroll deposits. This application can be used to record the date, time, and amount of each deposit made to your bank account. This information can help you to avoid confusion and make sure that all payments are recorded accurately. In this blog post, we will explore some of the key features of stub sage 50 and how it can help you streamline your payroll process.

If you are using the Sage 50 accounting software, you should be accomplishing your payroll activities with ease, thanks to the comprehensive payroll module included in this software. With several highly sophisticated tools and functions, Sage has made the execution of complex payroll activities a ‘cakewalk’ for employers!

One such popular payroll feature offered by Sage 50 Accounting is the Payroll Direct Deposit Stub. If you are yet to use it, we are here to guide you through it. In this blog, we will discuss how you can process and print the direct deposit stubs in Sage 50. 

Here we go!

How to Setup Direct Deposit Stubs in Sage 50?

 Here is a step by step procedure to set up Direct Deposit in Sage 50–

• First you need to register with a payment processing service approved by Sage 50 Accounting. For this, go to the Services menu and click on the Home window. Then select Employee Direct Deposit for payroll direct deposits.
• In the next step, you need to enter the bank information into your employee records. For each employee record, enter his bank account details on the Direct Deposit tab.
• You can also create a separate account if you want to track the payment uploaded to your payment processing service. This way, you can easily reconcile these payments later on.
• You can enter the email id in your employee record if you want to send the direct deposit stubs by email. For this, open the employee record and enter the email address on the Personal tab.
• For printing the direct deposit stubs, you can select the type of form and printer settings. For this, go to the Home window on the Setup menu. Then go to the Reports and Forms section. From the left of the window, click Direct Deposit Payroll Stubs.

Read More-: Sage 50 Direct Deposit Payroll

What is the Procedure to Process and Print Direct Deposit stubs in Sage 50?

Please follow the steps below to print the direct deposit stubs for your employees when you process their paychecks-

A) To Process a Paycheck

• Click to open the Paychecks window.
• If you have subscribed to a Sage-approved service plan that includes payroll, make sure to select the Calculate Taxes Automatically toolbar button. it will make the program calculate the tax deductions automatically.
• Click on the Paid From box and specify the bank account from where the paycheck will be paid.
• Click on the Employee box
• Select an employee and press the Tab key.
• Make necessary changes if needed, in the Cheque Date, Cheque Number,  Period Start Date and Period End Date fields.
• Similarly, you can add or change information on the paychecks related to income, vacation, deductions, taxes, entitlements, expenses and so on
• Add a note or memo to the paycheck, if required
• Allocate the paycheck amount to the concerned project and department
• Your paycheck is ready for Process now

B) To Print a Direct Deposit Stub

• Make sure to select the Direct Deposit box.
• Go to the File menu
• Click on the Print Preview  button, if you want to have a look at the stub before printing
• To print the stub, go to the File menu and choose Print

How to Print a Direct Deposit stub in Sage 50 in a Payroll Check run?

 Please follow the procedure below-

• Process a payroll check run, but do not click on the Process tab
• Make sure to specify the relevant employee and click on the Direct Deposit box
• Go to the File menu
• Click on the Print Preview button, if you want to have a look at the stub before printing
• To print the stub, go to the File menu and choose Print

Read Also-: What is a Prenote in Sage

Final Words

We hope the discussion above would give you a fair idea of the Payroll Direct Deposit Stub in Sage 50. If you need additional information about the Payroll features and payment processing services in Sage 50, we recommend that you should get in touch with some experienced Sage professionals .

Frequently Asked Questions(FAQs)