The Payroll Income Type identifies the source of a payroll income. The Unit of Measure for a payroll income is determined by the type. The following payroll income types are available in Sage Simply Accounting.
|
Income Type |
Description |
|---|---|
|
Hourly |
Represents a base rate of pay paid on an hourly basis. |
|
Differential |
Represents an hourly rate of pay which is paid beyond normal working hours, such as overtime, night-shift, or holiday hours. |
|
Piece Rate |
Represents a pay rate dependent on the number of items produced by the employee. |
|
Income |
Represents a base pay rate based on regular pay periods, such as a bi-monthly cheque. |
|
Benefit |
Represents a benefit paid to an employee. Benefits are reported on both T4 and RL-1 forms, regardless of whether or not you have set up Sage Simply Accounting to calculate taxes for them. |
|
Benefit (Que) |
Represents a Quebec-only benefit paid to an employee. Quebec benefits are reported only on Relevé 1 (RL-1) slips. |
|
Reimbursement |
Represents an expense for which an employee is reimbursed, such as a car lease. |
Note: The payroll incomes Overtime 1 & 2 can only be defined as Hourly or Differential. The Regular income cannot be changed from Hourly.