You can use your software to process pays for wages and salary. The software can calculate overtime rates, allowances, union fees and other deductions, employer expenses and entitlements such as holiday leave and sick leave, union fees, along with tax deductions.

In AccountEdge software, the components of an employee’s pay, such as wages, entitlements and taxes, are called payroll categories. These are assigned to an employee’s card to create the employee’s recurring paycheque. When you record a paycheque, you can vary an employee’s pay by overriding the recurring paycheque values with the actual number of hours worked and the number of hours of holiday leave taken.

Some payroll categories (deductions, expenses and taxes) determine what are known as payroll liabilities. These are amounts withheld for later payment to the appropriate authority or agency.

At year-end, you can print P14 and P60 forms for your employees to use at tax time. You can e-file these forms using the HM Revenue & Customs PAYE Online for Employers service, or submit them by post.