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 >

Once you've set up the holiday fund you can assign it to your employees.

Assign the holiday fund to multiple employees

1. On the toolbar, click Tasks then click Global Changes.
2. Click Holidays then click Assign Employee(s) to Scheme Number.
3. From the Which scheme do you want to allocate? drop-down menu, click the required scheme.
4. Click OK then click Yes then click OK.

Assign the holiday fund to an employee

1. On the Employee List, double-click the employee.
2. Click the Absence tab then click Holiday.
3. From the Scheme Number drop-down menu, click the required scheme.
4. Click OK then click the Payments tab.
5. Enter the required value for the employee then click OK.
6. Click Save then click Close.