Setting Up Wiise Payroll
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      Update opening balances in Wiise Payroll 

      Overview:  

      • Learn to update opening balances when your business transitions to Wiise Payroll. 

      Why do you update opening balances? 

      When transitioning to Wiise Payroll, it is important to transfer employees' Year-to-Date (YTD) earnings to maintain the accuracy of their financial records. The Opening Balances Earnings feature allows you to enter or update an employee's YTD earnings and correct any discrepancies.

      How to update opening balances? 

      Here are steps to add opening earning balances 

      1. Go to your Employee List. Select the employee who needs their earning amounts updated.  
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      2. Go to Opening Balances for the employee and select the Earnings tab.  
      3. Fill in the earnings figures in the necessary fields as is set in the employee’s pay categories and assigned awards.    
      4. Select Save.  
      5. You’ve updated the opening balances for your employees.  

       

      What’s next? 

      Find out how to create timesheets.

       

      If you have any questions, please reach out to support@wiise.com