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Sage Inspire Tour: Sage 50 Canadian Payroll Tips and Tricks
- 1. Payroll Tips and Tricks Harjot Aujla S50CA Product Specialist
- 2. #InspireTour Agenda • Employee Setup Tips • Troubleshooting Paycheque calculations • CPP specific issues • PIER Report Troubleshooting • Direct Deposit
- 3. #InspireTour
- 4. #InspireTour Setup Guide • Easy way to review at a glance employee information and update
- 5. #InspireTour Remittance Setup • Remittances can be setup in Setup > Settings > Payroll > Remittances (KB 10295) • The balance owing is the amount in the Payable Linked account for the tax • If the amount in the Payable linked account is incorrect, the amount in Pay Remittances will be incorrect • Confirm payment amount by checking Remittance report for the remitting period
- 6. #InspireTour Troubleshooting Payroll Calculations • Setup of an employee is important and can cause taxes to not calculate or calculate correctly
- 7. #InspireTour Troubleshooting Payroll Calculations • Birthdate can cause CPP not to calculate • Incorrect Province in Taxes tab can cause payroll taxes to calculate incorrectly
- 8. #InspireTour Troubleshooting Payroll Calculations • Sage 50 – Canadian Edition uses a linear method to calculate payroll deductions
- 9. #InspireTour Troubleshooting Payroll Calculations • If EI is calculating correctly but Taxes and CPP are not calculating correctly – Check Pay periods per year
- 10. #InspireTour Troubleshooting Payroll Calculations • If Taxes are not calculating correctly but CPP and EI are calculating correctly – Check Personal Tax Credits from TD-1 Forms
- 11. #InspireTour Troubleshooting Payroll Calculations • Update Employee Claims, WCB rates in a batch – Maintenance, Update Employee Claims – Verify with TD-1 Form
- 12. #InspireTour CPP Troubleshooting • If CPP is not calculating for one employee – Check if employee has reached maximum – Check Calculate CPP is checked for the employee – Check Pay period for the employee – Check birthdate – Check Payroll Tables
- 13. #InspireTour Payroll Update • If there is an update available, all Sage Business Care customers will have the update download automatically • Once downloaded, when the client closes their program, the program will prompt them to install the update • If the update has been downloaded, it can be found in C:usersPublicDocumentsSage SoftwareSimply AccountingDownload (Vista/Win 7/Win 8)
- 14. #InspireTour Troubleshooting the PIER Report
- 15. #InspireTour T4 and RL-1 Reporting • Controls amounts that appear in T4 for EI Insurable Earnings / Pensionable Earnings • Add pension adjustment amounts and employee code
- 16. #InspireTour Payroll Tiering • To check what payroll tier your client is on – Help > Update Service Plan
- 17. #InspireTour Methods of Direct Deposit • EFT Direct – Sage 50 Accounting EFT Direct lets you quickly and easily transfer data from your accounting files to your financial institution. – Send transactions in a batch to your bank (.DAT) – Separate program – More information at http://na.sage.com/ca/sage-50- accounting/add-ons
- 18. #InspireTour Methods of Direct Deposit • Sage 50 Direct Payments – Conveniently make and receive electronic payments faster and more accurately with Sage 50 Direct Deposit – Integrated into Sage 50 CA – Will communicate with your bank – More information at http://na.sage.com/ca/sage-50- accounting/add-ons
- 20. Thank you!