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Error: "The following formula existed last year in Sage-Maintained Payroll Formulas..."

Created on  | Last modified on 

Summary

Error: "The following formula existed last year in Sage-Maintained Payroll Formulas but could not be found for 20XX. In order to process payroll, all formulas used by employees must be updated to the current payroll year."

Cause

  • You need to update your subscriptions.
  • The check date is in the following payroll year.
  • Need to install the most recent tax update.

Resolution

Update Subscriptions and install the latest tax update

  1. Select Help, Sage 50 Activation, Licensing, and Subscription Options]
  2. Select Online (Recommended), and then click OK.
  3. Close Sage 50 and reopen the program.
  4. Select Services, Check for Updates.
  5. Select Check Now.
  6. Download and install the latest tax update. The update will begin installing automatically; if not, see How to install updates.
  7. Verify you no longer receive the error message.

Change the check date

  1. Go to Tasks, Payroll Entry,
  2. Change the date to be in the current payroll tax year.
  3. Select the Employee ID.
  4. Verify you no longer receive the message.

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Related Solutions

Sage 50—U.S. Edition: Download Portal