Payroll

​Time Needed to Process Payroll

If you're paying your employees through direct deposit, you'll want to run your payroll 3 business days (excluding weekends and bank holidays) prior to your employee payday due to the standard Elec...

Updated 2 years ago by Elliot Ngai

Pre-Fund Payroll by Adding a Cash Balance

With the new Cash balance feature, Knit gives users the option to run payrolls and pay employees on the next business day! Adding Funds to your Cash Balance. Select the Profile icon in the top right…

Updated 5 months ago by Andrea Hamilton

Running an Off-cycle Payroll

If you need to run a payroll outside of your regular pay schedule, you can do so at anytime. Off-cycle payrolls default to using the same withholding rates, deductions, and contributions made in re...

Updated 6 months ago by Andrea Hamilton

Use Excel to Import your Payroll

When you run your payroll with Knit, you have the option to input your payroll details in an Excel spreadsheet. This feature lets you fill in your company's payroll data at your leisure (or share the…

Updated 7 months ago by Andrea Hamilton

Change a Salaried Employee's wage timeframe to Hourly

Update Employee's Pay schedule. Open People and locate the employee from the list and open their profile. Open the employee's Compensation tab. Scroll down to Compensation and select the green pencil…

Updated 8 months ago by Andrea Hamilton

Give an Employee a Raise

Open Run Payroll > People. Locate the employee you would like to give a raise to, select the 3 action dots on the left and select View Profile. Once you have opened the employee's profile, open the C…

Updated 9 months ago by Andrea Hamilton

Skip a Payroll

Open Run Payroll. Locate the paygroup with the pay cycle that you would like to skip and select the 3 action dots beside. From the Pop out menu, select Skip.

Updated 10 months ago by Andrea Hamilton

Add a One-time Bonus to a Payroll

Open the Run Payroll and select the paygroup you would like to process payroll for. The Input Payroll screen will open, beside the Earnings heading select the orange plus icon. From the pop out menu,…

Updated 10 months ago by Andrea Hamilton

Paying 3rd Party Payees through Knit (i.e.: Donations, Benefits, RRSP Management)

With Knit, you can conveniently process third party payroll payments — for example donations deducted from salaries, benefits payments, or payments to RRSP management companies. Here you'll learn how…

Updated 1 year ago by Matas Pranckevicius

Creating and Assigning Deduction Types

Click on the Run Payroll Tab on the left side. Click on the Deduction Types tab along the top. On the far right side, click on the option to Add New Deduction Type. A display box will appear where yo…

Updated 1 year ago by Andrea Hamilton

Adding & Assigning Income Types

Creating Income Types. Click on the Run Payroll Tab on the left side. Click on the Income Types tab along the top. On the far right side, click on the option to Add New Income Type. The Add New Incom…

Updated 1 year ago by Andrea Hamilton

Create New Paygroup

You may have some employees or contractors that are paid monthly, while others are paid bi-weekly. With Knit, you can easily accommodate multiple employee pay schedules by creating and assigning payg…

Updated 1 year ago by Andrea Hamilton

Pay an Employee a Salary

Open the People tab, and select the employee from the list. Once you have opened the employee's profile, select the Compensation tab. Scroll down to the Compensation heading and select the green penc…

Updated 1 year ago by Andrea Hamilton

Pay an Employee an Hourly Rate

Open the People tab, and select the employee from the list. Once you have opened the employee's profile, select the Compensation tab. Scroll down to the Compensation heading and select the green penc…

Updated 1 year ago by Andrea Hamilton

Changing Your Pay Schedule

Change your pay schedule with Knit at any time. We support weekly, biweekly, semi-monthly, and monthly schedules. Check out this guide to learn more about your options. Click the Run Payroll tab Na...

Updated 1 year ago by Elliot Ngai

Change an Hourly Employee's Pay Schedule to Salary

First, you must change the Employee's pay schedule: Open People and locate the employee from the list and open their profile. Open the employee's Compensation tab. Scroll down to Compensation and sel…

Updated 1 year ago by Andrea Hamilton

How to Expedite a Payroll

Expediting payroll is a feature that allows you to shorten the lead time between processing payroll and the pay date. You can use this feature if you are late processing a payroll, or if you would li…

Updated 1 year ago by Andrea Hamilton

Types of pay schedules

Your payroll schedule is a combination of two pieces of info - your pay period and your pay date. The pay period is the amount of days your employee worked. The pay date is the day they receive the...

Updated 1 year ago by Elliot Ngai

Custom Income Types

Use custom income types to completely control your payroll

Updated 1 year ago

Skipping an Employee’s Payroll

When running payroll, you can skip an employee in a payroll run, which will prevent the employee from receiving any $0 Paystubs or notifications for ready paystubs as well. Click the Run Payroll tab…

Updated 2 years ago by Ashley Baldwin

Running a Payroll via Cheque

Click the Run Payroll tab. Select the pay period you are running and click Run payroll. Input Payroll Click into the regular hours, salary pay, hourly pay, or other earnings fields to make any adjust…

Updated 2 years ago by Elliot Ngai

Funding Options for Electronic Payments

We offer a number of methods to fund your employee payroll. Each option has its advantages and you can select the one that best fits your business and how you run payroll. Pre-authorized debit With t…

Updated 2 years ago by Elliot Ngai

Changing an Employee's Pay Schedule

Click the Team tab. Click on the employee you want to make changes to. Navigate to the Compensation tab. Beside the Compensation title click on the green pen icon. Select a new paygroup. Click Save..

Updated 2 years ago by Elliot Ngai

Changing Default Hours Worked

To change the default hours worked for your current pay period you can do the following: Navigate to the Team page. Click on a specific employee to open their employee profile. Click the Compensation…

Updated 2 years ago by Elliot Ngai

Viewing Your Previous Payrolls

To view your previous payroll runs click on Run Payroll. Along the top, click on Recent Payrolls. Locate the pay date or the pay cycle you would like to view. Click on the action dots located on the…

Updated 2 years ago by Ashley Baldwin

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