Answer
Wagepoint payroll software offers a streamlined and efficient solution for Canadian businesses, simplifying the complexities of payroll management. KWB clients, in particular, can benefit from its user-friendly interface and automated features, ensuring accurate and timely payments to employees. This robust software handles everything from tax calculations and remittances to direct deposits and year-end reporting, making payroll a hassle-free process for businesses of all sizes.
Overview
This overview outlines how Wagepoint payroll software supports Canadian businesses, particularly those in Edmonton, Alberta. It highlights the key features and benefits that make payroll management more efficient and compliant.
The article also includes a labeled real-world hypothetical scenario involving a small business owner, to illustrate how Wagepoint can address common payroll challenges.
- Software Benefits: Explore why KWB Accountants recommends Wagepoint for payroll needs.
- Common Questions: Find answers to frequently asked questions about Wagepoint.
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.
FAQ
To help you better understand how Wagepoint payroll software can benefit your business, we’ve compiled answers to some common questions.
| Question | Answer |
|---|---|
| What core features does Wagepoint payroll software offer for businesses in Edmonton, Alberta? | For businesses in Edmonton, Wagepoint payroll software includes essential features like direct deposit for employees, automated remittances to the CRA and WCB, and streamlined T4 preparation. These functionalities simplify payroll processing and help ensure compliance with Canadian regulations relevant to Alberta businesses. |
| How does Wagepoint payroll software manage CRA and WCB remittances for businesses in Edmonton? | Wagepoint payroll software specifically automates the calculation and remittance of payments to the Canada Revenue Agency (CRA) and Workers’ Compensation Board (WCB) for businesses in Edmonton. This ensures timely and accurate processing, helping Edmonton businesses maintain compliance with provincial and federal tax and insurance obligations. |
| What advantages does Wagepoint payroll software offer to small and medium-sized businesses in Edmonton? | For small and medium-sized businesses in Edmonton, Wagepoint payroll software delivers an accessible and efficient online solution. It simplifies complex payroll tasks with a user-friendly interface, streamlining operations and ensuring compliance with Canadian regulations relevant to businesses in Alberta. |
| How does Wagepoint payroll software streamline year-end T4 reporting for businesses in Edmonton? | Wagepoint payroll software automates the creation of T4 slips, significantly simplifying year-end reporting for businesses in Edmonton. This automation minimizes administrative tasks and ensures compliance with necessary tax requirements. |