Allocation Method - Sage 50 Accounting

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Allocation Method

From the drop-down list, choose the method you want to use to distribute funds to the current direct deposit account (Account 1, 2, 3, or 4) for this employee. The methods include

Percent: The amount distributed to the account will equal the employee's net pay multiplied by the allocation percentage you enter in the % field. For example, $1,000 x 20% = $200. The amount will fluctuate depending on net pay for the payroll period.

Amount: The amount distributed to the account will be the value entered in the Fixed Dollar Amount field. This will not fluctuate despite changes in the employee's net pay.

Remainder: The remainder method ensures that all of an employee's net pay is distributed in cases where net pay exceeds the account allocations you have set up. There can be only one remainder account, and one of the accounts you set up must be a remainder account unless you distribute 100 percent of net pay to one or more of the accounts.

Published: March 21, 2017© 2017 The Sage Group plc or its licensors. All rights reserved. Privacy Policy | Copyright/Trademarks

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