Sage 50 U.S. Edition 2021.1 is scheduled to release on September 30, 2020. This update resolves mouse over issues and addresses Payroll Tax as well as 941 filings.
In case you are currently using Sage 50 2021.0 or need access to the new Covid pay features, take the upgrade. In case you are still on Sage 50 2020.2, we suggest that you make a decent backup of your organization record and save it in a secure spot prior to upgrading. Install the upgrade using the instructions beneath. Give it a shot. In case you are not having any issues, you are all set
Update Instructions For Those Entitled
First, you should open Sage 50 on your server. Then, click on Services Tab and click on Check for Updates. In case you are qualified for the update, follow the prompts on the screen. Lastly, install updates on any remaining workstations.
Sage 50 2021 Payroll Tax Update
In case you are a Sage 50 payroll customer your payroll tax update will be sent to you automatically through your product. The version for this tax update is 20210101 for release 2020, 2021.0, 2021.1, and 20210102 for release 2021.1.1. Follow these steps to ensure that your tax update was applied:
- Open your Sage 50 company
- Select Help > About Sage 50 Accounting
- Confirm that the installed Tax Update version number matches the version number listed previously
- If your Installed Tax Update version number does not coordinate:
- Select Services> Check for Updates > Check Now
- On the off chance that multiple updates show up, select the update(s) you need to install, select Download
- After the download is finished, leave Sage 50 and the update will start
Here is what’s new and improved in update 2021.1:
- Sage is always listening!
- You reported issues related to MOUSE freezing or lagging. Sage fixed it.
Expansion of Pay Types
With this release, you would now be able to set up an unlimited number of Pay Types for both hourly and salaried employees. The expansion of Play Types will also help firms who must oblige following the COVID-19 Families First Coronavirus Response Act (FFCRA) compensation. We released guidance to use an additional 3 Pay Type fields to oblige following of this information so it very well may be followed and included in the employers Form 941 quarterly filings.
Although you can set up an unlimited number of Pay Types, employees can only have 20 Pay Types for each pay period or paycheck.
Significant! We have changed how Salary Pay Types display on paychecks when you are entering payroll amounts. Pay types set up for a worker must have an amount OR you must clear the Use Default check box for a payment type you need to see when you are making paychecks. We suggest checking on in the Payroll Entry Window every representative set up for a Salary Pay Type to ensure the pay types display effectively. On the off chance that the payment types are not displaying, open the Maintain Employees/Sales Reps window and select the Pay Info tab. Clear the Use Default check box for any Salary Pay Type you need to display when entering payroll amounts.
Sage 50 won’t add the capacity to pick in or out at the company level. Employees should be manually configured if you wish to concede the saved portion for them. Please see Sage Knowledgebase article 107002: Payroll Tax Deferral Setup and Tracking on the best way to configure the saved portion as a reminder thing so the amounts are accumulated without actually being held back. This will permit you to decide the aggregate sums conceded at year-end and set up the new portion in 2021 to cover both the current and the previous amount conceded.
The FFCRA and Form 941 Reporting
To assist you with consenting to monetary revealing, you can easily separate the amounts paid for Sick and Family Leave permitted under the FFCRA and include them on the quarterly Form 941 recording.
In the Reports and Forms module, in the event that you select Form 941 under Payroll Tax Forms, you get a brief asking if any employees got paid sick or family and clinical leave as characterized in the FFCRA. On the off chance that you select Yes, you need to select the Pay Level names used for Sick and Family Leave. The associated amounts are extricated and set on lines 5a (I) and 5a (ii).
Sage 50 2021.0 update help you vanish the problematic and complex tasks of the previous accounting system. You will get the enhanced functionality and be able to redesign the useful highlights. It will fix several issues and errors that you are facing because of previous versions. To know more get connected with the Sage consultant team.