Set Up Your Company Account with Wagepoint Payroll Software

Written by Jonathan

Jun 22, 2023 Less than 2min read

1. Add company details  

First, you’ll add your company details like your primary address, CRA account number and contact details.

How to decide your remittance schedule:  There are different thresholds for remittance requirements, check out the link below to see your companies remittance threshold and requirements: 

Government of Canada – How and when to pay (remit) source deductions – Due date

Eligible for 10% wage subsidy

2. Add company banking information

Once your company is setup, linking the bank is the next crucial step. Wagepoint makes it easy, just pop in your banking details and add a void cheque. They’ll send a confirmation deposit to your bank, once you enter the amount in the account validation tab you’re ready to run your first payroll. 

3. Add user accounts and define user access

In settings, you can manage user access and permissions. To add a new admin user you need to contact wagepoint via email at [email protected].

4. Integrate

Wagepoint integrates with XERO and QBO, you can map your accounts and have Wagepoint automatically add your payroll entries, saving you time. It also integrates with Luna for leave management, and several time tracking apps so you don’t have to manually enter hours. 

While you’re waiting for the confirmation deposit, you can add in all the details of your company’s payroll in each of the company section tabs, and then move on to adding your employees and configuring your company’s settings.

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