Overview
Wagepoint payroll software offers a streamlined and efficient solution for Canadian businesses to manage their payroll needs, from calculating wages and deductions to filing taxes. This cloud-based platform simplifies complex payroll processes, ensuring compliance with Canadian regulations and reducing administrative burdens for small to medium-sized enterprises.
Understanding the features and benefits of Wagepoint can help businesses make informed decisions about their payroll management. It provides a user-friendly interface and robust functionalities designed specifically for the Canadian market.
- Simplified Payroll: Wagepoint automates the entire payroll cycle, including direct deposits, tax remittances, and record-keeping, making it easier for businesses to manage their finances efficiently.
- Canadian Compliance: The software is built to comply with all Canadian payroll regulations, ensuring accurate calculations for federal and provincial taxes, EI, and CPP, which is a key reason KWB Accountants recommends it.
- Employee Self-Service: Employees can access their pay stubs and tax documents online, reducing inquiries to HR and payroll departments.
- Integration Capabilities: Wagepoint integrates with various accounting software, allowing for seamless data flow and reducing manual data entry errors.
Why KWB Accountants Recommends Wagepoint Payroll Software
Wagepoint is an online payroll software that will meet all of your payroll needs.
Wagepoint Features:
- Direct deposit
- CRA/WCB remittances
- T4 and T4A preparation
- Statutory Holiday calculations
- Record of employment (ROE) preparation
- Additional deductions
- Contractor payments
- Additional incomes
- Online pay stubs
Integrates with QBO and TSheets
Wagepoint also integrates with Quickbooks Online (QBO) accounting software. If you use TSheets for time tracking you can easily import employee time details into Wagepoint from TSheets.
Use Wagepoint to pay hourly or salaried employees and subcontractors, all at the same time. You can set up multiple groups if you need to pay people on different pay schedules. (ie monthly vs biweekly) If your payroll doesn’t change from period to period, you can let it run itself even when you’re not there!
The Track feature allows you to set up your employees so that they can track their own time using a time clock to clock in and out of work. Or they can use a time sheet to enter their time daily. All time sheets would be approved and/or edited before they are processed in the payroll.
Employees have online access to their own personal information to access paystubs, their pay history and T4 slips. They can also update their contact and banking information when necessary.
Conversion to Wagepoint is fairly simple and their team is ready to assist. Year to date figures can be entered allowing you to start using Wagepoint at any time during the year and still be able to process the necessary year end reports.
KWB is available to handle the time consuming and sometimes unpleasant task of doing your payroll. All you would have to do is approve what employees are being paid either at the set up stage for salaried employees or through the approval of time via TSheets. And since all of these apps are online you can do that from anywhere at any time.
Pricing is based on need, depending on the number of employees you are paying. The base fee is $20.00 + $2.00 per employee each pay period.
If you would like more information on Wagepoint or have any questions, feel free to contact us at 780-466-6201 or or email us by clicking here.
Thanks to Haley Bistretzan of KWB Chartered Accountants for providing this content.