Link Accounts & Integration P3

Hello,

This is part 3 of Linked Accounts & Integration.  continuation of P1 and p2

Link Account & Integration P1.

 

Linked Accounts & Integration P2

Lets get started. Click on Payroll. there are 10 sub categories that will be covered.

Note: keep in mind depending on the version of Sage some of these categories might not appear.

 

 

 

 

Next: Income

The shaded area can not be changed. There is regular, Overtime1 for 1.5% of regular wages and Overtime2 for 2 time the regular wages.

Income 4,5,6 etc can be changed to any other income categories such as piece work or one time severance pay or Xmas pay.

Going across the Colum each income category is checked off with the appropriate tax deductions.

payrollincome

Next: Deductions

Enter all the appropriate deductions you may have. These will be set up on payroll and come off each pay period. Let the system know if any of the deductions are subject to government taxes.

payrolldeductionsNext: Taxes

Use this section to calculate Employer portion of payroll tax remittance.

payrolltaxesNext: Other Expenses

this section is self explanatory. Enter other expenses that you need to take off employees paycheque weather is amount or percentage.

Next: Entitlement

Employees sick, special, or any other day they may have can be tracked here.

Next: Payroll Remittance

For each remittance select the vendor receiving payment.

payrollremittance

Next: Job Categories

To add or change job categories fill in the information.

Next: Manulife

This is a extended health company for medical, RSP, or pension setup.

Next: Names – 2 sub categories.

1 – Income & Deductions

The blue section can not be changed. Income & Deductions 1 – 20 can be changed to your company’s preference.

2 – Additional payroll

this is additional info and title section can be utilized for your own wording and definitions.

Next: Linked account – 5 sub categories.

Income, Deductions, Taxes, User-defined Expenses and Expense Groups

Next: Income

from top – Insert the bank that payroll will be coming out of. Account to keep track of vacation owed and account to track payroll advance.

the wages account number is issued to all wage categories except Salary has its own account number.

payrollLAincomeNext: Deduction

Enter all the payroll deductions account to balances every time payroll is processed.

These account should be reviewed each month and the balances remitted to government and other institutions.

payrollLAdeductions

Next: Taxes

Every time payroll is processed the deductions will be held in these account. both the employee and employer portion so you don’t have to do extra calculations to capture 1.4% for EI and 2x CPP. Its already done for you.

payrollLAtaxes

Next: User-Defined Expenses

When payroll is ran these accounts are used to process the payable section as well as the expense portion of the entry. The ones your company does not utilize can be left blank.

payrollLAuserdefinedexpenses

This concludes the Payroll setup and all the linked accounts to run payroll smoothly.

if you have any specific questions please drop me a note.

Hope this was helpful.

nk