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SeroBooks
Knowledgebase · 13 articles

Employees & Payroll

Employees, pay runs, timesheets, payroll items, remittances, levies, year-end slips and records of employment.

Setting up5

Payroll in SeroBooksHow payroll fits together in SeroBooks, from setting up an employee to filing the year-end slips, and what each Employees menu screen is for.Payroll SetupEnter the employer's payroll account, legal name and remitter type, and look up the statutory holidays a province pays.Employee CentreThe list of everyone on the payroll, what is missing for each person, and each employee's own page with their SIN, bank details, benefits, deductions and balances.Add or edit an employeePut somebody on the payroll, or change their province of employment, pay, dates, entitlements and TD1 or W-4 figures.Payroll Items (benefits and deductions)Define the taxable benefits and voluntary deductions your business uses, with the tax treatment of each, and give them to the employees they apply to.

Paying people3

Pay Employees (pay runs)Open a pay period, calculate everybody's pay, approve it, post it to the ledger, mark it paid, and hand out pay stubs; plus how to reverse and correct a run.TimesheetsReview the hours the time clock recorded, fix missing punches before payday, and set the clock rules that turn punches into paid hours.Vacation and banked timeSee the vacation pay each employee has earned, taken and is still owed, their banked overtime hours, and banked time that has expired and must be paid out.

Remitting and filing5

Pay Payroll Liabilities (remittances)See each payroll remitting period on your CRA schedule with its due date and amount, and record each remittance when you pay it.Employer LeviesEnter your workers' compensation rate and employer health tax registration for each province, see what each levy will cost for the year, and track the EI premium reduction share owed to employees.Year-End Slips (T4 / RL-1)Review each employee's T4 boxes for the year, print the slips, and build the electronic T4 return you upload to CRA; W-2 slips and the EFW2 file in a US company.Records of EmploymentPrepare a Record of Employment when somebody stops working, record the serial number once it is filed with Service Canada, and amend one that was wrong.PIER ReviewCheck, before year end, that the CPP and EI you withheld from each employee matches what their earnings required, so you can correct a shortfall before CRA bills you for it.