IMPORTANT INFORMATION REGARDING YEAR END AND PAYROLL PROCESSING If you haven’t already requested year end assistance, now is time to start preparing for payroll year end. Based upon prior history, we anticipate the release of the Q1 2014 Tax Table […]
How to Report Employer Sponsored Health Care Coverage on the W-2 in Sage 100 ERP (formerly MAS90 / MAS200)
For Version 4.40 and higher
The ability to include Box 12 Code DD on W-2 form was included in the 2011 IRD and will provide the required reporting for 2013. For versions 4.40.0 through 18.104.22.168, please verify 2011 IRD was installed before installing 2013 IRD. To verify 2011 IRD was installed, run the Activity Log (listed under Library Master > Reports menu) and look for “description” of “Installed 2011 Year End Changes”. Note: Version 4.50 already includes these changes.
First, create and employer contribution deduction in Deduction Code Maintenance (Modules->Payroll->Setup->Deduction Code Maintenance.)
Enter a new deduction code and description.
On Deduction Type, select Employer Contribution.
1. Payroll setup
2. Earnings code maintenance
a. Set up new miscellaneous type earnings code
b. Answer no to all taxes except employer taxes
3. Deduction code maintenance
b. Setup new deduction code that equals new earnings
code (set W-2 box 12 code)
4. Payroll data entry
1. Go to Sage 100 Payroll Setup Menu
2. Select Earnings Code Maintenance
3. Create a new Earnings code with the following settings:
#1 The importance of Budgeting
Does your organization produce budgets and track progress? As year-end approaches it’s a great time to resolve to create comprehensive budgets for 2014!
Why Budget and Forecast?
If you are only forecasting revenue but not budgeting expenses, you only have half the picture. By doing both, you can anticipate potential cash flow challenges, and make plans to manage through them. Also, budgets and forecasts are excellent management tools. They can help your team understand goals and be accountable for staying on budget and achieving revenue goals.
Set up a fringe benefit earnings code:
1. Open Payroll / Setup / Earnings Code Maintenance.
2. Create an earnings code and select “Fringe” from the ‘Type of Earnings’ drop-down box.
3. Enter information in all necessary fields, and click the ‘Accept’ button.
Latest Sage CRM features new social, collaboration and mobile tools to help increase sales, marketing and customer service activities Sage North America recently announced the release of Sage CRM 2013, adding a range of adaptable social, collaboration and mobile tools […]
Sage 100 Creating Efficiencies: User Preferences 101- Part 2 Saving Report Settings Find Part 1: Creating Shortcuts for Frequently Used Tasks Here How many clicks does it take to get to the Sage 100 tasks you use most? How many clicks […]
Sage 100 ERP: Bank Reconciliation- Auto Check Reconciliation Throughout the month, post all transactions: Checks in Accounts Payable Checks in Payroll Cash Receipts Wire Transfers through Accounts Payable Manual Check Entry Bank Transfers through General Ledger Transaction Journal Entry […]