transactions<\/a>.<\/li>\n<\/ul>\n\n\n\nNow, that you are aware of what is a Linked Account in Sage 50, let us proceed further with how to Set up a Linked Account.<\/p>\n\n\n\n
<\/span>How to Setting up Linked Accounts in Sage 50<\/span><\/h2>\n\n\n\nLet\u2019s proceed to see how can one Set Up Linked Accounts in Sage 50, with the following steps remember to perform them accurately.<\/p>\n\n\n\n
<\/span>A. With the help of the Linked Account Wizard<\/span><\/h3>\n\n\n\n\n- First and foremost, Go to Setup<\/strong>.<\/li>\n\n\n\n
- Next, proceed to click on the Linked Account<\/strong> tab.<\/li>\n\n\n\n
- After the subsequent step, hit on the option that says Linked Accounts Set Up wizard<\/strong>.<\/li>\n\n\n\n
- Now, after the above step, click Next<\/strong>.<\/li>\n\n\n\n
- Thereafter, to continue, go through all the modules and then further follow the instructions to add<\/strong>, remove,<\/strong> or change a linked account<\/strong> for any module in the system.<\/li>\n<\/ul>\n\n\n\n
<\/span>B. Browse to the Linked Accounts Manually<\/span><\/h3>\n\n\n\n\n- For Retained Earnings<\/strong>\n
\n- Go to Setup<\/strong>.<\/li>\n\n\n\n
- Next, Click on Settings<\/strong>.<\/li>\n\n\n\n
- Now, Tap on General<\/strong> (Accounts).<\/li>\n\n\n\n
- Next, Click On Linked Accounts<\/strong>.<\/li>\n\n\n\n
- Last, change Retained Earnings<\/strong>.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n
\n- For Accounts Payable, Freight, Early Payment Discount and Prepayment<\/strong>\n
\n- Go to Setup<\/strong>.<\/li>\n\n\n\n
- Next, click on Settings<\/strong>.<\/li>\n\n\n\n
- Now, tap on Payable<\/strong><\/strong>.<\/li>\n\n\n\n
- Thereafter, proceed to linked accounts<\/strong>.<\/li>\n\n\n\n
- Change the accounts<\/strong>.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n
\n- Accounts Receivable, Revenue, Freight, Early Payment Discount and Deposit<\/strong>\n
\n- Go to Setup<\/strong>.<\/li>\n\n\n\n
- Next, click on Settings<\/strong>.<\/li>\n\n\n\n
- Now, tap on receivables<\/strong>.<\/li>\n\n\n\n
- Thereafter, proceed to linked accounts<\/strong>.<\/li>\n\n\n\n
- Change the accounts<\/strong>.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n
\n- For Employee payroll<\/strong>\n
\n- First, Go to Setup<\/strong>.<\/li>\n\n\n\n
- Next, hit on settings<\/strong>.<\/li>\n\n\n\n
- After the above step, tap on the option on Payroll<\/strong>.<\/li>\n\n\n\n
- Go to Linked Accounts<\/strong>.<\/li>\n\n\n\n
- Next, click on the following modules and make changes accordingly\n
\n- Incomes<\/li>\n\n\n\n
- Deductions<\/li>\n\n\n\n
- Taxes<\/li>\n\n\n\n
- User Defined Expenses<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n
\n- If you are using Sage 50 Pro products\n
\n- Go to the employee record<\/li>\n\n\n\n
- Then select the radio button to designate a custom account for Record wage expenses<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n
\n- If you are using Sage 50 Premium or Sage 50 Quantum\n
\n- Go to Setup<\/strong><\/li>\n\n\n\n
- Next, hit on settings<\/strong><\/strong><\/li>\n\n\n\n
- After the above step, tap on the option on Payroll<\/strong><\/strong><\/li>\n\n\n\n
- Then click on Linked Accounts<\/strong><\/li>\n\n\n\n
- After that Expense Groups<\/strong><\/li>\n\n\n\n
- Now, click on the dotted ellipses box and check the Linked Accounts<\/strong> column.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n
\n- Item Assembly Cost & Adjustment Write-off (inventory)<\/strong>\n
\n- Go to Setup<\/strong>.<\/li>\n\n\n\n
- Next, click on Settings<\/strong>.<\/li>\n\n\n\n
- Now, tap on Inventory & Services<\/strong>.<\/li>\n\n\n\n
- Thereafter, proceed to linked accounts<\/strong>.<\/li>\n\n\n\n
- Change the accounts<\/strong>.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n
\n- Credit Cards<\/strong>\n
\n- Go to Setup<\/strong>.<\/li>\n\n\n\n
- Next, click on Settings<\/strong>.<\/li>\n\n\n\n
- Now, tap on Company<\/strong>.<\/li>\n\n\n\n
- Click on Credit Cards<\/strong><\/strong>.<\/li>\n\n\n\n
- Thereafter, proceed to Used<\/strong> and Accepted<\/strong><\/strong>.<\/li>\n\n\n\n
- Change the accounts<\/strong>.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n
\n- Sales Taxes<\/strong>\n
\n- Go to Setup<\/strong>.<\/li>\n\n\n\n
- Next, click on Settings<\/strong>.<\/li>\n\n\n\n
- Now, tap on Company<\/strong><\/strong>.<\/li>\n\n\n\n
- Thereafter, proceed to Sales Taxes<\/strong><\/strong> >> Taxes<\/strong><\/li>\n\n\n\n
- Change the accounts<\/strong> to track<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n
\n- Delivery Orders<\/strong>\n
\n- Go to Setup<\/strong>.<\/li>\n\n\n\n
- Next, click on Settings<\/strong>.<\/li>\n\n\n\n
- Now, tap on Company<\/strong><\/strong>.<\/li>\n\n\n\n
- Thereafter, proceed to Customers & Sales<\/strong> >> Linked Accounts<\/strong><\/strong><\/li>\n\n\n\n
- Last click on Delivery Orders<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n
\n- Goods Received Notes<\/strong>\n