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What this does
Short meanings for the words that SeroPayroll uses in its own screens.
Terms
Pay group. Employees paid on the same schedule. A group has a frequency, a first period end and a pay date offset.
Pay run. The work of paying one group for one period. It moves from Draft to Calculated, Approved and Paid.
YTD (year to date). The total for the tax year so far. CPP, EI and other yearly limits depend on it.
Off-cycle. An extra pay outside the regular schedule.
Correction. A run that fixes an approved pay. It posts only the difference.
Reversal. A run that takes an approved run back out, line by line.
Hold. Moves one employee to a separate draft run so the rest of the run can be approved.
Lease. With the Cloud add-on, the right for one computer to edit a pay run at a time.
Seat. One computer allowed by a licence.
Check-in. The licence's regular contact with the licence service. See Work offline and the 30-day check-in.
Read-only mode. The state of a licence that cannot run payroll. You can still open, view, print, export and back up.
Originator. The company sending a direct deposit file. The originator profile holds the bank details.
Nil remittance. A period with no pay that you still report to the agency.
Recovery key. The key that opens a company file if the password is lost.
Catalogue. The list of earning, deduction and benefit types.
Treatment. How a pay item is taxed and what contributions apply.
Vacationable. An earning that counts toward vacation pay.
Pensionable and insurable. Earnings that attract CPP or QPP, and EI or QPIP.
Stub. The pay statement an employee receives. Its formal name is the statement of earnings.
Good to know
- A term in bold on a screen has the same meaning as here.
- Terms for forms and filings are in Glossary: forms, filings and file formats.