Construction companies can have complex payrolls to manage because they may have a mix of union and non-union employees, as well as complicated reporting requirements. In general, you need to know the following information before you can set up your employee records in Sage 50 Accounting:
Employees usually have wage expenses tracked by default in the account 5410 Wages & Salaries. You can also create additional payroll expenses and link them to user-defined expense accounts to track specific labour costs.
Job categories are a convenient way to track revenues and expenses for employees who submit time slips. For example, if you create a sales job category, you can track the revenue on sales invoices generated by your sales staff.
When you set up employees, you can assign an employee to a payroll expense group where each group member performs a similar job function. As a result, you can track associated wage expenses separately by group.
Set up user-defined payroll expense accounts
Set up chargeable service activities
Set up payroll expense groups
Account for owner's or partner's time