The accrual, expense categories accrue the entitlement, which is paid out with the Accrual Paid Out wage category. The other category is the wage category: Vacation Pay - Accrual Paid Out. One category is expense category: 4% Vacation Pay - Accrued, or 6% Vacation Pay - Accrued. Vacation/Holiday Pay Entitlement is implemented using two or more, payroll categories. Use of this rate is determined by selection on the Activity profile. Enter the appropriate Time-Billing rate for the employee.Click on the Time Billing link on the left-hand side of the window:.Again, you can opt to use the Basic Personal Amount for Net Claim Adjusting Time Billing Information Select Provincial TD1, and indicate the provincial Net Claim amount. Alternatively, you can select to use the Basic Personal Amount for Net Claim, and AccountEdge Pro will enter the correct amount based on the latest payroll tax tables. Indicate the employee Net Claim amount, which is available from the employee's federal TD1 form. In the upper, right-hand area of this window, select Federal TD1. Verify AccountEdge Pro has selected the appropriate withholding taxes for the employee.Click on the Taxes link on the left-hand side of the window.We'll review Vacation Entitlements below.AccountEdge Pro will have selected the default expenses. Select the applicable expenses by placing a tick to the left of the expense category.Click on the Employer Expenses link on the left-hand side of the window:.Check Add New Payroll Categories if you need to add additional categories.Enter Deductions other than withholding taxes.Select the applicable deduction categories by placing a tick to the left of the deduction category.Click on the Deductions link on the left-hand side of the window:.This calculation is used to determine the annual gross wage and therefore, the tax bracket where applicable. Payroll withholding taxes will be based on the gross wages indicated on an employee's paycheque times the pay frequency indicated on the employee's card. Select the applicable wage categories by placing a tick to the left of the wage category.AccountEdge Pro will have set a default wage expense account change this only if there is a specific need.Enter the Annual Salary or the Hourly rate.Enter the Pay Basis (as Salary or Hourly).Click on the Wages link on the left-hand side of the window.Optionally enter the employee's Birth date, Hire date, Pay Stub Delivery and Pay Stub Email address (if you intend to email pay stubs to the employee).Enter the Social Insurance Number (SIN).Click the New button and enter the employee's name and contact information.Select Lists > Cards to open the Cards List.You'll start with setting the basic details and then the wage, deduction, expense and tax information. On the employee's card, you'll store name, address and optional information, as well as payroll information. You'll need to create an employee card for each employee. It's a good idea to review the details of each payroll category to make sure it matches the way you do business. These are assigned on an employee's card to calculate payroll. The components of an employee's pay, such as wages, accruals, expenses, and withholding taxes, are called payroll categories. Click on the Payroll Category list (Wages, Deductions, etc) you want to review.Lists > Payroll Categories from the menu bar at the top of the screen.You can review your payroll categories by going to: If you intend to process payroll in AccountEdge Pro, you will need to be on the latest version of AccountEdge and enroll in the Payroll Tax Service to keep your tax tables current. In software, these calculation rules are stored in a tax table file that you load into your company file. Payroll taxes are amounts withheld from employee payroll according to the rules established by the government taxation authorities. Click Setup > Load Payroll Tax Tables from the menu bar at the top of the screen.(Optional) Enter your company's tax details - you can always come back and enter this later.The number of hours in your normal working week (Regardless of the number of hours indicated here, the actual hours paid will be indicated on an employees paycheque, this is just the default).Go to Setup > General Payroll Information from the menu bar at the top of the screen.Track, pay and report employee accruals and entitlementsīefore you start using the payroll features, you need to: Enter general payroll information.This article will cover the proper initial setup for using the Payroll feature in AccountEdge for Canada. Setting Up Vacation/Holiday Pay Entitlement.
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