Benefits can be set up in a Payroll Department with the following steps
- Go to Payroll > Payroll Departments
- Select the Payroll Department where you would like to setup the Benefit
- Go to the Benefits tab
- Click "+" to create a new Benefit
- Give the Benefit a name
- Check the Tax, EI, CPP and WCB boxes if you would like
- A Benefit with Tax checked will increase taxable income (as it should be checked in most cases).
- A Benefit with Tax not checked does not change taxable income.
- Set the Amount Type dropdown to be $ or %
- The Amount or Percentage can either be set here or in the Benefits tab of the Employee
Deductions can be set up in a Payroll Department with the following steps
- Go to Payroll > Payroll Departments
- Select the Payroll Department where you would like to setup the Deduction
- Go to the Deductions tab
- Click "+" to create a new Deduction
- Give the Deduction a name and select the GL Account
- Check the Tax, EI, CPP and WCB boxes if you would like
- A Deduction with Tax checked will maintain the same taxable income (as it should be checked in most cases).
- A Deduction with Tax not checked will reduce the taxable income amount by the amount of the deduction.
- Set the Amount Type dropdown to be $ or %
- The Amount or Percentage can either be set here or in the Deductions tab of the Employee