Getting paid is fun. The process that goes into paying your people, including yourself? Not so much. There’s more to payroll than just writing a pay cheque. Small business owners, accountants and bookkeepers need payroll to be accurate, on time and in compliance with government rules and regulations. Adding up the numbers manually can lead to mistakes — which the Canada Revenue Agency (CRA) isn't very tolerant of. The aftermath after the math can be quite costly. Not just financially, but also in terms of time. Simply put, you have better things to do with your time than getting bogged down by the nitty-gritty of paying your employees and contractors.
Online payroll programs are a cost-effective solution to saving time, money and yourself from a headache down the road. Every business has different payroll needs, so choosing the right payroll software is key. That said, there are still features and functions payroll programs in Canada must have to ensure your payroll runs smoothly and easily.
Check these must-haves off your list with Wagepoint.
Essential small business features you need in your online payroll program.
Pay both employees and contractors.
Don’t pay for two different systems when one can do it.
Automated tax calculations and payments.
You have more important things to do than worry about complex calculations.
Custom income and deduction types.
Accurately break down your employees' income and deductions.
Year-end tax documents.
We create and submit T4s, T4As and RL-1s on your behalf at no extra charge. Plus, your employees can easily access their year-end documents in our secure online employee portal.
Bonus: Accountant or partner program.
An accountant program or portal lets you work with your accountant more seamlessly. At Wagepoint, we have a Partner Program specifically designed for accounting and bookkeeping professionals.
3 foundational features payroll programs must have.
Every small business owner, accountant and bookkeeper has different needs, but the features and functions listed below are must-haves across all businesses and accounting or bookkeeping practices.
An A+ in customer support.
Chances are, you didn't start a business to become a payroll expert. Whether you’re looking for step-by-step guidance, a friend to lean on to double-check that one little thing you're not sure of, or anything in between, Wagepoint is there for you.
Having the right support at the right time is crucial. We aren't just a cloud-based payroll program, we're your friends who just happen to know a lot about payroll. As the world's friendliest team (seriously!), customer support is fully embedded in our DNA.
(Super) Easy to use software.
Running payroll manually is tedious, complex, and boring — but it doesn't have to be! The right payroll software should help get you through your tasks easier so you can go about your day and get back to doing literally anything else.
Have little-to-no payroll experience? No problem. Wagepoint is simple payroll software built just for small business owners. No matter how technically savvy you are, our software makes it easy for you to run payroll in minutes and become a Wagepoint expert in no time.
A padlock on payroll data.
Given how much information is required to set up payroll, your payroll data is very sensitive. If that information gets into the wrong hands, it can wreak havoc on you, your small business and your employees.
We take payroll security seriously. Every Wagepoint employee is required to go through mandatory quarterly security training. Our systems are monitored by state-of-the-art technology to ensure your data is safe and secured in our software and online employee portal. We also encourage our customers to activate Two-Factor Authentication (2FA), which will add another layer of protection to your account.
Simplify your payroll with Wagepoint.
Wagepoint’s customer support is top-notch. I was reluctant to switch, but I couldn’t ignore what people I trusted were saying. I gave Wagepoint a try and very quickly realized the difference in support.
Andrew Royer, CEO, Royer Accounting
Using software like Wagepoint makes it effortless and frees business owners up to do the things that help the business grow. Taking five minutes to run payroll for 10 staff is pretty empowering. By making this process so easy I can focus on marketing and grow my business while others waste time and resources to do something that could be so easy.
Alex Ross, Fresh Adventures
Prior to transitioning to Wagepoint, our client was using four applications to execute their payroll. Wagepoint can now fulfill all those needs in one app and our client is now saving two hours a week.
Ally Ladha, AMLB CPAs and Consulting