Payroll Processing
Employee payroll calculations, direct deposits, tax remittances, and year-end T4 preparation.
PRICING
REGULAR PRICE
MONTHLY LIMIT
ADDITIONAL EMPLOYEES
$75 / MONTH
5 EMPLOYEES
+ $25 / EMPLOYEE
OVERVIEW
Payroll processing is a vital business function that ensures your employees are paid accurately and on time while maintaining compliance with tax regulations and employment laws. This complex process requires careful attention to detail, up-to-date knowledge of regulations, and systematic record-keeping. Professional payroll processing transforms this challenging responsibility into a smooth, reliable operation that supports both your business and your employees.
Modern payroll management combines specialized expertise with advanced software solutions to handle everything from basic wage calculations to complex benefits administration. This integrated approach ensures accuracy in payment processing while maintaining detailed records for tax purposes and regulatory compliance. By implementing systematic procedures and controls, professional payroll processing helps prevent common payroll errors that can affect employee satisfaction and create compliance issues.
WHEN AND WHY DO YOU NEED IT
Most businesses discover they need professional payroll processing when they begin experiencing the complexity of managing multiple employees with varying pay rates, schedules, and deductions. The need becomes particularly apparent when dealing with different employment types (full-time, part-time, contractors), managing benefits, or handling special situations like overtime and vacation pay.
Professional payroll services become essential when:
Your business has grown beyond a few employees
You're spending significant time calculating wages and processing payments
Keeping up with changing tax regulations has become challenging
You need better tracking of vacation time, sick leave, and other paid time off
Your employees have diverse payment arrangements or benefit structures
You want to ensure complete compliance with employment regulations
HOW IT GENERALLY WORKS
Professional payroll processing follows a structured cycle that ensures accuracy and timeliness in all payments. Each pay period begins with collecting and verifying employee time data, including regular hours, overtime, vacation time, and sick leave. This information is then processed through specialized payroll software that calculates gross wages, taxes, deductions, and net pay for each employee.
The process includes managing various deductions such as income tax, CPP contributions, and EI premiums, as well as any voluntary deductions like health benefits or retirement contributions. After processing, payments are distributed through direct deposit or cheques, and pay stubs are generated for each employee. The system maintains detailed records of all transactions for tax reporting and compliance purposes.
OUR PROCESS
At Logetica, we implement a comprehensive payroll system that ensures accuracy while saving you time and effort. We begin by understanding your specific payroll requirements, including pay schedules, employee classifications, benefit structures, and any special arrangements. Our team sets up digital systems that streamline data collection and processing while maintaining strict security protocols.
Throughout each pay period, we monitor time submissions, process adjustments, and prepare calculations well in advance of payment dates. Our service includes managing statutory deductions, handling Records of Employment when needed, and preparing T4s at year-end. We provide regular payroll reports and maintain detailed records that support both operational needs and compliance requirements.
EXAMPLE CASE
A growing retail business with 15 employees struggled with managing complex schedules, varying wage rates, and commission calculations. Their manual payroll process was time-consuming and prone to errors, causing employee dissatisfaction and compliance concerns.
A new payroll automated system accurately tracked hours, calculated commissions, and processed payments efficiently. It reduced processing time by 80% while eliminating calculation errors.
The business owner gained peace of mind knowing that payroll obligations were being met correctly and on time, allowing them to focus on growing their business rather than managing payroll details.
Have Questions?
Book a free 30-minute online consultation with us, and we will be happy to answer all your questions.