Payroll Income Types
The Payroll Income Type identifies the source of a payroll income. The Unit of Measure for a payroll income is determined by the type. The following payroll income types are available in Sage 50 Accounting.
| Income Type | Description |
|---|---|
| Hourly | Represents a base rate of pay paid on an hourly basis. |
| Differential | Represents an hourly rate of pay which is paid beyond normal working hours, such as overtime, night-shift, or holiday hours. |
| Piece Rate | Represents a pay rate dependent on the number of items produced by the employee. |
| Income | Represents a base pay rate based on regular pay periods, such as a bi-monthly cheque. |
| Benefit | Represents a benefit paid to an employee. Benefits are reported on both T4 and RL-1 forms, regardless of whether or not you have set up Sage 50 Accounting to calculate taxes for them. |
| Benefit (Que) | Represents a Quebec-only benefit paid to an employee. Quebec benefits are reported only on Relevé 1 (RL-1) slips. |
| Reimbursement | Represents an expense for which an employee is reimbursed, such as a car lease. |
Note: The payroll incomes Overtime 1 & 2 can only be defined as Hourly or Differential. The Regular income cannot be changed from Hourly.