Payroll Setup with Payroll Wizard in Sage 50

Payroll Setup with Payroll Wizard in Sage

With an unmatched spectrum of useful tools and functions, the Sage 50 accounting software has been making sustained efforts to fulfill the accounting needs of its users. The Sage Payroll Wizard is one such important tool embedded in this accounting software.

If you are yet to set up your payroll with the Sage 50 Payroll Wizard and are not aware of how it can help you, you are definitely missing something! Fret not! Just go through this blog. Here, we will look atFwNePWJZJzFLWr7xHRhcjGmCxxIlIkMDsUEvLipGBYxA3g9XSjvhmcW62JSviCZoKT3ADP03wAWu7TbpIZx1DWy3C2NJXuJ 8MuWFLEdbFVivvCz3Cx zri ZoTH896u3qVmglegM9G G aAPg how to setup the Payroll with the Sage 50 Payroll Wizard on your system8psnxvVbVhDm3m2eP4 Q5zUOC tozbmrtNlXqGg8NhaDJhc8J1zua0XD3BX1cxroRywDXtV1Wp42xDc7H ioVksNR7UrlcIVuZdYZGla KjMo wNV8M nMz95le77i 2nymZJ3dGCiuVY4 rug.

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What are the Benefits of Sage 50 Payroll Wizard?

The Sage 50 Payroll Wizard helps you establish the following-

  • State unemployment limit & percentage 
  • State & locality defaults
  • Common state and federal payroll fields for both employee-paid and company-paid taxes
  • General ledger account defaults for your payroll fields
  • Payroll fields for employee vacation and sick time 
  • Optional payroll fields for employee tips and meals
  • payroll fields for employer and employee contributions to retirement plans, flexible spending accounts and insurance plans

How to Setup Payroll with Sage 50 Payroll Wizard?

  • Open Sage 50
  • Go to the Maintain menu
  • Click Payroll 
  • Choose the Payroll Setup Wizard
  • The first windows will prompt you to choose the option from ‘Full Service’ or ‘Do it Yourself in House’. After selecting the option, click Next
  • Now you will need to enter the basic company information
    • Enter your state and federal employer ID. 
    • Enter/select the relevant state abbreviation for the primary state where your employees work.
    • Enter your state unemployment ID and rate related to unemployment insurance. 
    • If a tax is associated with your state, enter the rate for that tax in the specific field
    • Choose Yes to create payroll amounts for the Meals and Tips your company provides to the employees.

Setup the Default Information for your Employees in the Custom Fields

  • Here, you will create just the labels for the custom fields. 
  • Next, the actual data is entered on each employee record in the Maintain Employees section. 
  • Other information you may track with custom fields may include:
    • The name of the employee’s spouse and place of business
    • the number of children
    • name(s) of the children
    • previous employer and his address
    • education/level of training acquired

Setup an Employee Record in the Maintain Employees Section

  • enter employee ID and name
  • enter general employee information
  • enter employee customizable fields
  • enter additional employee information
  • enter pay information
  • Enter the vacation hours for the employee
  • enter employee deduction information
  • enter employer deduction information
  • Provide information related to retirement plans such as 401 (k)

We hope the steps mentioned above would help you setup the Payroll with the Sage 50 Payroll Wizard. If you are finding it difficult to perform the above-mentioned steps, we would recommend you to take help from the authorized Sage experts

Accounting Professionals & Specialized Experts

Want quick help from accounting software experts? Get in touch with our team members who can install, configure and configure your software for you. Proficient in fixing technical issues, they can help you quickly get back to work whenever you encounter an error in Sage software. Our team is available 24/7 365 days to assist you. To get in touch.


Frequently Asked Questions (FAQs)


How can I E-file the 941/941B Federal Tax Forms?

🔹 Open the Sage 50 application
🔹 Navigate to the Reports and Forms menu
🔹 Select Forms
🔹 Browse to the Tax Forms section
🔹 The Select a Report or Form window will pop up on your screen 
🔹 Now, double-click on the Payroll Tax Forms tab
🔹 Click on the Available Forms box
🔹 Choose the current 941/Schedule B/941-V Report
🔹 Navigate to the select filing period section 
🔹 Select the relevant year
Please note: If you select a new form, you should select the relevant year again
🔹 Click OK to proceed
🔹 Follow the on-screen instructions to complete the procedure

What are the Basic Requirements of e-filing Tax Form 941 in Sage 50?

You need to fulfill the below-mentioned requirements-
🔹 A compatible Sage 50 version
🔹 An active subscription to Sage 50 Payroll Solutions
🔹 The latest Payroll update
🔹 A stable internet connection
🔹 Enrollment in the IRS e-File program
🔹 10-digit unique code assigned after successful enrollment to the IRS e-File program

How can I Print or E-file the State Quarterly Forms?

🔹 Open the Sage 50 application
🔹 Navigate to the Reports and Forms menu
🔹 Select Forms
🔹 Browse to the Tax Forms section
🔹 The Select a Report or Form window will be displayed on your screen 
double-click on Payroll Tax Forms 
🔹 Click the State form type tab
🔹 Choose your State for which you need to print or E-file
🔹 Open the select filing period section 
🔹 Select the relevant quarter and the year
Please note: If you select a new form, you should select the relevant year and quarter again 
🔹 Click OK 
🔹 Follow the instructions displayed on your screen

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