2023 Jan to Feb Update
Year End & T4
- General bug fixes including adding in additional field validations to prevent user input errors.
- T4 submission time is now displayed in Eastern Standard Time.
- Added in a new year banner reminding users to update payroll remittance schedules, Employer Health Tax and WCB/WSIB rates.
Payroll Run
- Payroll Summary now displays the payroll number under the statement of information.
- Reduced payroll run load time for pay runs with skipped as a payment method for employees.
- Added in date validation to the off-cycle date picker to prevent user input errors.
Income Types
- Bonus tax method calculation has been updated and uses previous income to estimate the bonus tax amount.
Mass Change
- Updated the number of employees displayed per page to 10.
Paid Time Off
- Updated error message when deleting a paid time off category that has already been used.
What to expect in 2023
Knit Time
- Build work schedule in minutes. Share it with your team and track time effortlessly
- Features include employee scheduling, timesheets clock in/clock out, overtime management and more!
Knit Cash Management
- The ability to fund your account using a variety of payment methods including PAD, Wire, Bill Payments, Interac E-Transfer, and hold funds in multiple currencies.
- A complete overhaul of the prepaid functionality of the platform.
- Statements and screens with credit and debit similar to your online banking.
Knit Account Payable
- The ability to pay vendors and contractors globally using the currency of your choice.
- Pay remote employees using any of the G20 currencies. Currencies outside of the G20 currencies will be supported later.
- Invoice payment management
Knit Expense
- Issue virtual or physical credit cards to departments, teams, or employees
- Track expenses used on the credit card and allocated to the proper GL
- Monitor your team's budget in real-time and stay on top of spending.
Knit Payroll V2.0
- Complete rebuild of Knit's payroll infrastructure which will allow us to release features faster than ever before.
- New user interface, and various workflow and processing speed improvements