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What’s New in Sage 100 Payroll 2.21.2?

By July 15, 2021September 29th, 2021No Comments

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What’s New Sage 100 Payroll 2.21.2

Dive into the Details for Summer’s Sage 100 Payroll 2.21.2

Sage has now released the mid-year update to Sage 100 Payroll for Sage 100 / Sage 100cloud and version 2.21.2 brings new capabilities to your business’s Payroll department that simplify your processes and save you time.

This latest version includes improved tax insight, streamlined reporting, and fixes that improve performanceover the previous version. Read the summary below for your quick intro to what’s new.

What’s New in Sage 100 Payroll 2.21.2?

The biggest changes in this latest version of Sage 100 Payroll relate to taxes and pension plan reporting, but there are also quite a few important updates that will help ease your payroll tasks. Let’s dive into the details.

  • New Tax Liability Report

This new report helps your company gain fast insight into your tax liability, so you can ensure accurate payments while maximizing your cash flow and overall liquidity.

How it works: This report shows your company’s tax liability either by a specific quarter or a range of check dates. You can choose whether you would like to print your liability for Federal, State, or Local taxes (or a combination of the three), and you can easily filter the report by selecting one or more tax groups.

Where to find it: The Tax Liability Report is located under the Reports menu.

  • New Tax History Report

This new report for Sage 100 Payroll provides your business with up-to-date and fully available historical tax data that is right at your fingertips anytime.

How it works: This report shows the specifics for your company’s taxes, as well as your employees’ taxes and taxable wages by tax code. You can choose your parameters based on a specific quarter or a range of check dates, and you can select whether you would like to print Federal, State, or Local taxes (or a combination of the three).

In addition, you can specify which tax reporting groups should be included in the report, and you can filter your view by tax group or other tax codes.

Where to find it: The Tax History Report is located under the Reports menu.

  • Updates to Pension Plan Reports

In previous versions of Payroll, the Pension Plan Reports only included the hours and wages of employees for whom there was a pension plan deduction. This new update saves your company time and effort on data gathering by reconciling your Pension Plan Reports with your Check History Report.

How it works: A new checkbox, labeled “Print Checks with No Deductions”, has been added to your Pension Plan Reports. This checkbox is selected by default so that checks without deductions will now be printed on your reports.

If you prefer the previous functionality, simply unselect the checkbox to exclude checks without deductions on your Pension Plan Reports.

Where to find it: The “Print Checks with No Deductions” checkbox is located on your Pension Plan Audit Report and your Pension Plan History Report.

NOTE: If you think you may be outgrowing Sage Payroll, or you think you need a more dedicated human resource management system, SWK will conduct a review of your current HR technology systems and recommend a new strategy at no additional charge. To learn more about this FREE assessment, and to see a sample of what it looks like for a Sage 100 Payroll user, click here.

  • Additional Updates and Changes to Sage 100 Payroll 2.21.2

As we mentioned earlier, the latest version of Payroll also includes fixes that address frustrations in previous versions of your Payroll module. These changes include:

  • Improvements to tips calculations and check handling
  • Improved methods for calculating Worker’s Comp
  • Updates to Payroll’s COVID-19 adjustments, including a return to the standard deferred taxes model (pre-COVID) and updates to Employer Expense Reports that allows for multiple COVID earnings codes across departments
  • Updates for local taxes in Kentucky, Missouri, Ohio, Michigan, and South Carolina
  • Improvements to ACA reporting for Federal, State, and Local taxes

Sage Payroll 2.21.2 also includes a wide range of general user-experience improvements across the module, removing erroneous warnings, notifications, and error codes. These improvements will help you streamline your payroll activities and simplify training for new Payroll employees.

If you would like to learn the details on all the changes to Sage Payroll, feel free to reference the full release notes.

Discover If Sage Payroll Is Right for You

Are you wondering whether your business would benefit from updating to the latest version of Sage 100 Payroll? Discover all the details about this version and set up your unique upgrade plan when you engage the Payroll experts at SWK Technologies.

Contact SWK today to learn more about the new features in Sage 100 Payroll 2.21.2.

For more than 30 years, SWK Technologies has been helping SMBs get more out of their mission-critical technology with targeted, smart solutions that make it easier to handle financials and make faster, better business decisions. Curious to learn more? We are always happy to introduce you to the options that can help you increase agility and drive business performance. Get in touch using the form below. We will get back to you soon!

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