Pay your people on time, every time, with dynamic, automated payroll software solutions from Sage. Built to save time and intuitively support the unique needs of both growing small businesses and global organizations.
Sage offers intuitive payroll solutions to businesses of all sizes across Canada to manage payroll effectively.
Unify your accounting, payroll, and HR systems and effectively manage your biggest asset and expense—your employees.
Enjoy all-in-one payroll: secure, accurate, and compliant. No commitments, cancel anytime.
Professional accounting and payroll in one.
Setting up payroll for a small business can be a complex process, but it is essential for any business to ensure compliance with state and federal laws. To set up payroll for a small business, the following steps should be taken:
General journal vs general ledger: understand the key differences, how transactions move between them, and how they support accurate financial reporting.
General ledger reconciliation verifies that GL account balances are accurate by comparing them with subledgers, bank statements, and supporting records.
Learn what accrued expenses are and the key differences between these and accounts payable. Explore how both affect your financial reporting and cash flow.
Learn what a cash flow forecast is and why it’s important. Explore how cash flow forecasting can help you plan business operations more effectively.
What is a performance management system, and how does it work? Explore its key components, benefits, and how to choose the right system.
What are outstanding cheques? Learn how to identify, calculate, and manage them during bank reconciliation, including Canadian stale-dating rules.
How many work hours are in a year? Calculate annual, monthly, and 2026 work hours in Canada, accounting for holidays, vacation, and work schedules.
Learn how to calculate cash on cash return, what a good return could look like, and how to assess cash flow from a Canadian property investment.
