3 Things You Need to Know About an Integration vs Interface
When searching for a software solution, you have probably come across the words “integration” and “interface”. You might be asking yourself, “What do they mean? Are they interchangeable?” Both terms describe how a software solution will share data with other software. There are big differences between the two and that distinction introduces different risks and…
How Different is the Employee Contractor Relationship in Canada vs. the US?
The biggest reason to define the difference between employee and a contractor is for tax purposes, to ensure contributions and income withholding comply with employment standards. The definition of employee or contractor can make a big difference tax-wise so it’s important to not only know the differences, but classify the relationship correctly. It can get…
2015 Canadian Statutory Deduction Changes
Canadian statutory deduction amounts such as credit thresholds and tax rates change every year. Every payroll clerk knows that staying up-to-date with these changes is required for accurate reporting and withholding. Not staying up-to-date with these changes not only creates more work for your payroll team to correct after the facts, but opens your company…
Where are you allocating the company’s people costs? Use dimensions to find out
What is a dimension? To help understand what a dimension is, it is good to first have an understanding of analytical cubes. An analytical cube is multidimensional database optimized for online analytical processing (OLAP) that provides advanced business analytics. Instead of storing information in a relational database where information is stored in flat, two-dimensional tables…
Making Payroll Calculations Faster and Reporting Easier with Accumulators
It’s almost time for payroll. That means it’s time to calculate all the pre-tax deductions, new leave entitlements, and allowance earnings for each employee. Have any annual maximums been reached for contributions? Going back to find all the records, then calculating totals for each deduction and employee means you could be working late today. Luckily,…