Hi,

The payroll in Saqe records only the employee payment date.  

For income reporting where pay periods cross fiscal periods you have to do a manual accrual.

Even if you use Time and Billing, and were to record 14 days of timesheets in March, if the payment date is April 1, all 14 days' pay go into April Fools Day.  

I hope that helps,

Randy

The reason is that CRA considers wages as 'income' on date they are paid - not dates they are earned. When you do payroll you could make a journal entry to debit wages earned and credit wages payable as of the pay-period ending date then do another journal entry to reverse this using payroll chq date. I myself only do this at year-end so that the wage expense have been taken for the year it occurred in but I don't worry about the company's portion of source deductions tho.

Just out of curiosity how do the other payroll program handle this better? It would be nice to see how it is done and perhaps it could be applicable somehow as a work-a-round with Sage 50 to mimic the same thing.