How to record and pay overtime or vacation hours to an employee
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How to record and pay overtime or vacation hours to an employee
This article applies to Wave Payroll in Canada.
Follow these instructions to record and pay overtime or vacation hours to an employee.
Click Payroll, then Timesheets in the left-hand navigation m...
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How do I enter overtime paid at double time?
Hey @Maggie !
At this time, Wave doesn't support this functionality I'm afraid. What you can do as a workaround is enter double overtime hours or pay them extra by applying a bonus to their pay. However, since we here at Wave support are not accountants, I'm not sure what the tax implications would be with either workflow. As a result, I recommend reaching out to a CPA to ensure you get the best advice with this.
Hi Julian
Thanks - my workaround is to add a bonus to the pay for the difference to get to double time. This way the number of hours is recorded correctly which is important for the record of employment and they are also paid the correct amount.