Payday - it's everyone's favourite day. We all know the struggle that can come with processing payroll. Thankfully, the Payroll Module is here to help take the stress away. With Humi, it's a breeze!
This article will give you a basic overview of the Payroll Module to help you get familiar with the tools available and set you up for success.
Looking for a step-by-step guide?
If you're ready to start processing payroll, have a look through our Payroll Quickstart Guide.
Getting to know the Payroll Module
When you click on the Payroll module from the left menu, you'll see six sections (tabs). Each tab offers unique and powerful tools to help make your payroll processing efficient and easy. Have a read through the list of different tabs below to learn more.
Payroll Tab Overview
|Run Payroll||This is where you'll see a list of your currently active payrolls. From here, you can click into the payroll to edit, review and process the payment or "Run Payroll" for the payroll period.|
|Records||This is where you'll find payroll records such as historical payrolls, tax forms, ROEs, and YTD information that was imported during your Humi onboarding.|
|Benefits and Deductions||Manage the benefits and deductions that you offer your employees.|
|Income Types||Manage additional income types that you may offer to your employees.
Some examples of income types you can add include Vacation Payout, Holiday Pay, and Cell Phone Allowance.
|Vacation Adjustments||Manually add or subtract vacation pay from an employee's balance.|
|Settings||Manage company settings such as paystub notification emails and wage subsidy eligibility status.|
Types of Payrolls
Recurring payrolls are what most people think of when they think of payroll. This refers to the regularly scheduled payroll that goes out on a recurring frequency to your employees. So, for example, if you're paid biweekly, your recurring payroll would be set to a "biweekly" frequency.
When you joined Humi, this scheduled payroll frequency was set up for you. At the start of each payroll period, you'll see these recurring payrolls are automatically prepared for you to go in, edit, and process your payroll.
Off-Cycle payrolls are one-time payrolls that don't follow any particular schedules. Think of them as a way to pay an employee outside a regular recurring payroll.
Off-cycle payrolls are most frequently used to pay terminated employees or for any time you need to pay an employee outside of the regular recurring payroll schedule.