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

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. Read more >

To pay amounts into the holiday fund, the payments need to be set to accrue a holiday fund.

1. Click Company then click Pay Elements.
2. Click the required payment then click Edit.
3. Select the Include for Holiday Accrual check box.
4. Click OK then click OK.