Good afternoon,
We will soon have our first employee in our small business. I would like to do all the Payroll manually. I would like to know how some people here from Canada did setup everything.
Thank you for your help!
Good afternoon,
We will soon have our first employee in our small business. I would like to do all the Payroll manually. I would like to know how some people here from Canada did setup everything.
Thank you for your help!
My 2 cents - I had to set up for USA from scratch - as there is not a std customization available for these regions (unsure). I suggest load the HR module, create employee, salary structure (basis, hourly, monthly, etc), create the tax witholding rates as templates (on income, etc) - it is self explanatory. The key is that the chart of accounts needs to have a taxes payable (witholding accounts for province and federal govt) and then matching journal entry when payment is actually made to govt. Hope it helps.
Thank you for your answer! I am trying to unravel all this, I just don’t want to do too much mistakes.