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Process tax form runs
Prior to processing year end tax forms, you must complete the following steps: 1. Close the previous year. For details on how to close the previous year, check out our article on How to close the year. 2. Find your T4 remittance balance from the CRA. ...Process a manual cheque
Creating an appropriate pay run You need to attach this information to a pay run. If the payment is a one-off such as a bonus or termination pay, you will want to create an off-scheduled run. Off-schedule (or Ad-Hoc) runs allow you to add only the ...Get your T4 remittance balance from the CRA
The remittance balance is the credit to your payroll account with the CRA -- this is the sum of all money remitted to them for the year. If you joined Rise during the year, this would include amounts remitted by you or by your previous provider. If ...Close the year
Before you close the year, you must be absolutely sure that you are finished paying employees for the year. Once the year is closed, it cannot be opened. The year must be closed in order to process payroll for the new year. Please do not close the ...Complete a Record of Employment
Preparations Before reviewing the ROE for accuracy, you will need to complete the following steps: Terminate the employee in Rise. Complete their last payment. Generate the ROE. Employee and contact information The simplest way to ensure all ...
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Get time off details for a past employee
As part of an employee's offboarding process, admins need to get employee’s time off details for all of the policies they were enrolled in, including how many days they used, how many they have left, and how many days they were entitled to. Once the ...Getting started with your time off policies
Before creating time off policies, we recommend considering the following questions: 1. How many policies do you need? 2. Do you have employees with different benefits packages? How are they different? 3. Do you have salaried and hourly staff? 4. How ...Set up the journal entry solution and connect with QuickBooks Online
With the Rise journal entry solution, you can create journal entries from Rise Payroll to QuickBooks Online by mapping payroll instructions with your chart of accounts from QuickBooks Online. Before you begin setting up the accounting integration ...Records of Employment (ROE) overview
A Record of Employment (ROE) is a form that employers complete and file with Service Canada at the end of an employee’s service. Rise makes it super-easy to file an ROE directly with Service Canada without leaving the platform or dealing with pesky ...Create a shift premium pay code
Shift premiums are a great way to compensate your employees for working particularly challenging or high-demand shifts or for when employees have extra qualifications or take on additional responsibilities. Common examples of shift premiums include: ...