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QBO also has some neat extras, such as employee time-sheets that can be filled out by staff members or administrative staff, which will auto-populate into the payroll module so that you can avoid the pain of duplicate data entry. QBO will automatically record your payroll payments making for an easier reconciliation process. QBO is a very simple and effective system for running payroll. Lastly, Wagepoint’s customer support is second-to-none. Track comes at an additional cost, but for those who really want to be immersed in the automation-friendly, cloud software world, this one is hard to resist. Track has many admin controls, such as IP restricted time entry, missed punch reports, and the ability to allow staff to track time between different roles, which makes payroll and reporting a dream. Track allows companies to set up a time clock (punch-in, punch-out system) or a timesheet for hourly employees that will push data directly into Wagepoint, saving lots of data entry and administrative costs. One other great feature that Wagepoint has is Track, which is their in-house hour-tracking software, which also has a tablet-friendly app.
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Furthermore, Wagepoint enables companies to issue their staff members unique logins so that they can retrieve their pay stubs or other payroll documentation online - anytime, anywhere. Wagepoint also has a great time-saving feature that allows you to set up payroll to run by itself every period (look Mom! No hands!). Wagepoint offers the ability to pay by cheque or direct deposit and will take care of the back-end work for you, such as remitting your source deductions to the CRA. Wagepoint is a fairly new payroll service that comes equipped with a beautiful user interface and can integrate with both Xero and QBO. Below, we have listed a few of the various online payroll services in the market and outlined the unique services each one brings. Whether it’s paying your employees by direct deposit, auto-creation and filing of T4 and ROE slips or automatic source deduction payments, the services below have it all. And payroll services are beginning to offer more features and more integrations as the world moves to a cloud-based environment.