You can use Sage 50 Payroll to set up different types of funds, deduct contributions from the employee's salary and pay the money out during the payroll run.

Holiday funds are monetary funds accrued over time to cover the cost of employees' holidays. 

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1. Click Company then click Holidays.
2. Click New then click the Payments tab.
3. From the Accrue Holiday Fund As drop-down menu, click the required option.
4. In Value, enter the required amount.
5. From the Scheme Funded By drop-down list, click Employer or Employee.
6. In the Add Payments Before Calculating section, select the required check boxes.
7. Click OK then click Close.