Sage 50 US Payroll Reporting for the CARES Act HR 748 Paycheck Protection Program

Sage 50 US Payroll Reporting CARES Act HR 748 PPP

Sage is one of the most known accounting software which is not only providing outstanding accounting experience but also gives you the latest and advanced way to manage the accounting. CARES act gives you an important debt relief provision for small which is carrying existing SBA loans that are affected by the coronavirus. This program covers the principal amount, interest, and fee for the six months on existing loans from 30 days of law. These small Business Administration Loan applications need some certain payrolls.

Resolutions Sage 50 US Payroll Reporting for the CARES Act HR 748 Paycheck Protection Program

Below are the resolutions for the same.

For the 2019 IRS Quarterly 940, 941, 944, payroll tax reports, you can also use the Aatrix saved reports to provide these reports. These documents can be saved to a PDF or printed. If anyone is needed to give 2019 W2’s you can use the Aatrix saved reports to reprint or can save the file to a pdf.

For Gross wages for each Employee

Including the officers if paid W2 wages, there are many reports options available :

  • Check Activity report (Reports/pay period Processing /Check activity)
  • Employees earnings by check date, Accumulates all earnings
  • Now check the Activity Inquiry

Read More : Sage 50 COVID-19 Payroll Reporting Wizard

For PTO, vacation pay and Family medical leave pay for every employee you can apply the below reports:

  • Check the employee earnings by check date. Collect all the earnings through a specific date range
  • Get vacation by date range. Mention the specific pay id to see your totals within the specific check date range

For local and state tax assessed on every employee earnings use the option to by date range:

You can locate the reports under the reports/tax preparation / as per the date range:

  • select the transaction file
  • mention the check date range
  • now choose the employee level taxes

These reports contain the Gross pay, Federal, state, and local taxes. These reports also include the taxable, subject to, and tax amount. You can also save this file to PDF or XLS workbook.

For Fringe Amounts for a particular Date Range

  • Fringe register (Reports/Registers/Fringe Register)
  • Fringes by Credit account (Reports/Reconciliation/Fringes by credit Account)

Reports include Hours, Regular pay, overtime hours, overtime pay, other pay, Gross pay, Employee taxes, Misc Deductions, Net pay, employer tax, and fringes, just download the attached PR, check the total reports and add it to the report used in payroll using report manager. Reports consist of a count of the number of employees in the Report Totals.

Also Read : Sage 50 US Payroll & Year-End Processing

Final Words

So, you see, the Sage 50 US PAYROLL REPORTING FOR THE CARES ACT HR 748 PAYCHECK PROTECTION PROGRAM helps authorize up to $ 349 Billion in forgivable loans for small-scale businesses. This is to be able to pay their employees during the COVID-19 crisis. However, for more details related to the above topic, be sure to visit us at and you are sure to discover all-new aspects of the topic.

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Frequently Asked Questions(FAQs)

Who are the people that are Eligible for the Paycheck Protection Program?

To be eligible for the Paycheck Protection Program, the applicant needs to be a small business, an independent contractor, a sole proprietor, a self-employed person, 501(c)(3) nonprofit organization, 501(c)(19) veterans organization, or also a tribal business.

What is Covered under the CARES ACT HR 748 Paycheck Protection Program?

The Paycheck Protection Program from the CARES Act can authorize up to $349 billion in forgivable loans for small businesses to pay their employees during the COVID-19 crisis. In this case, all loan terms will be the same for everyone.

What is meant by the Paycheck Protection Program?

This is essentially an SBA-backed loan that ensures that businesses can maintain their workforce employed during the COVID-19 crisis. 
Note: The Paycheck Protection Program (PPP) has been terminated as of May 31, 2021. However, the existing borrowers can be eligible for PPP loan forgiveness. SBA also offers additional COVID-19 relief for eligible individuals.

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