How to set up a bonus

Summary

How to set up a bonus in Sage 50 Accounting as a fringe benefit.

Go to Maintain, Default Information, Employees, and then select the Employee Fields tab.
Scroll down to the first blank line.
Give this line a name and assign it a general ledger account.
Click OK.
Go to Maintain, Default Information, Employees, and then select the Employee Fields tab.
For each tax (that is, Federal Income) the bonus is subject to. Select the Adjust button for that tax, then check the Use box for the bonus and click OK (repeat this step for all taxes that the bonus is subject to).
Click OK to save your changes to the defaults.
- If you have employees that do not use defaults for the taxes that need to be adjusted then the same process will have to be done in the employee profile to adjust the tax under Maintain, Employees & Sales Reps in the Employee Fields and Company Fields tab.
Test run a payroll check, zero out the Hourly/Salary field, then enter an amount for the bonus. Verify that the taxes are calculating correctly for the bonus.