Get the FACTS about Dynamics GP Canadian Payroll… Part 2

Last week I posted Part 1 of Get the FACTS about Dynamics GP Canadian Payroll which offered answers to some of the most common questions we get about Dynamics GP Payroll. In Part 2, I’ll answer more of the common questions we are asked.

How does Canadian Payroll make Pay processing efficient and flexible?
Reliable and confidential direct deposit: Payroll Direct Deposit provides fast, convenient, reliable and confidential direct deposit of payroll cheques by automatically adding funds to virtually every major financial institution in Canada. Payroll Direct Deposit allows unlimited accounts and unlimited financial institutions for each employee.

With direct deposit processing, payday is fast, convenient and reliable for your organization and your employees.

Customize pay cheques: Format cheques to mirror your pay strategies. The cheque form is highly customizable, and you can save multiple cheque formats. This enables you to accommodate employees who require more detailed pay information, while retaining a simpler form for others.

Handwritten cheques: Track exceptions such as advances or temporary pay arrangements. Manual Cheque Entry allows you to enter and post handwritten cheques, adjustments and beginning balances. You also can enter both positive and negative cheques, keeping financial information up to date for accurate reports and T4 statements.

Void cheques: Easily void cheques that were posted in error. Canadian Payroll enables authorized personnel to reverse all transactions related to the cheque, with complete audit control throughout the system.

What employee information will I have access to if I use Canadian Payroll?
Payroll inquiries: Get instant answers to your Payroll questions. Canadian Payroll provides multiple inquiry windows for a variety of ways to view important personal, financial and paycheque information for employees. Inquiry windows include Cheque Expand, Detail Expand, Summary Expand, Year to Date Expand, T4, T4A, R1, Vacation Pay, Banked and much more.

Inquiry windows within Payroll make it easy to put your fingers on the exact information you need without printing a report, allowing personnel to respond quickly to employee requests and provide better service to them.

Drill downs: Easily locate the underlying information you’re most interested in. Drill downs can also cross modules, so summarized Payroll cheque information in General Ledger can be followed back to the Payroll document on which it was first recorded.

Report options: Canadian Payroll makes it easy to get exactly the information you need in the best format for your business. You can modify existing pre-defined set-up, employee and transaction reports or create your own custom reports using the internal Report Writer. For added flexibility, Canadian Payroll easily integrates with external reporting tools such as MS SQL Reporting Services, SmartLists, Crystal Reports, Cognos and Microsoft Access.

Year-end reports: The Year-End T4 Report can be edited and printed at any time after you roll over the year-end, making it easy to verify accuracy. You can also choose to either print the T4 report in laser format or submit it electronically.

T4 statements: Canadian Payroll enables you to track multiple T4s for one employee and to manually edit employee T4s & ROEs. T4 statements may be printed after year-end pay runs, affording you more time for adjustments at year-end. Like the Year-End T4 Report, the T4 statements can be either sent electronically or printed in laser format.

To learn more about Canadian Payroll in Microsoft Dynamics GP join our webinar Wednesday, July 9th from 1:00pm – 2:00pm CDT.  Click here to register.

For additional information regarding Dynamics GP 2013 and Canadian Payroll, check out these posts:
Should You Outsource Payroll or Process It In-House with Dynamics GP?
Frequently Asked Questions About Upgrading to Dynamics GP 2013
Microsoft Dynamics GP Canadian Payroll: You Own It! Why Not Use It?

Source: Joesoftware Inc.

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