Sage 100 – Payroll Personal Use of Company Car and Other Fringe Benefits

1. Go to Sage 100 Payroll Setup Menu

2. Select Earnings Code Maintenance

3. Create a new Earnings code with the following settings:

 

Type of Earnings: F

Method of Entry:  F

Withholding Taxes – FEDERAL: Y

FICA:    Y

FICA:    Y

MEDICARE: Y

MEDICARE: Y

UNEMPLOYMENT: Y

 

STATE: Y

SDI: N

SUI: N

UNEMPLOYMENT: Y

 

LOCAL: Y

LDI: N

OTHER: Y

UNEMPLOYMENT: Y

 

After you have set up the appropriate earnings codes, you are ready to enter the earnings information through payroll data entry.  (If you have already processed the last check of the year, you will need to do a manual check with zero taxes and a net amount of zero, since the Sage 100/MAS 90 system will not allow a negative check.)  This will record the fringe benefit earnings for the purpose of the W-2.

Need Help?

If you need additional assistance, please call our Technical Support Department at (502) 429-6902 ext. 227 or email techsupport@oasisky.com and list YEAR END ASSISTANCE in the subject line.

You may also like

5 Advantages to choosing Oasis Solutions as your NetSuite Solution Provider  NetSuite is considered the #1 cloud ERP in the ...

In 2024, we’re living in the future. Pocket-sized AI and portable workspaces have shown us that finding balance at work is as ...

Stay tuned on our ERP path!

Subscribe to our newsletter and get the latest news