Closing / shutting down my business

So you have decided to close your business. Whether this is a good thing or a bad thing we are sorry to see you leave us. We know you have a lot to do to finish up your Business’s books so creating your T4s and ROEs is very simple.

To terminate your employees and create ROEs follow the steps here:
https://paymentevolution.zendesk.com/hc/en-us/articles/205660085-Record-of-Employment-ROE-

To create your T4s when it is not the calendar year end - here’s how:
Go to ACTIONS> YEAR END, on the “Review YTD” page please click “Generate Latest YTD Report” to make sure you have all up to date information. Then simply click on “Create/View T4 etc.” You can complete all steps the same as at year end, and generate the slips for filing with the CRA and/or Revenu Quebec.

Once you have completed all these items you can choose to close your account with us or not. Your account will remain active until your expiry date (on the Business Plan) and indefinitely (free plan or Business Plus) unless you manually close it. Note that once you close the account your data will be archived and you will not have ready access to it. Please make sure you take whatever reports you need prior to closing the account.

To manually close your account (recommended if you are on the Business Plus plan to stop further billing) please see https://help.paymentevolution.com/hc/en-us/community/posts/204561845-How-do-I-close-my-account- 

We strongly recommend downloading the following reports from your profile:

  • Cheques/Payslips - a history of all the payslips in your profile (Paid plans: downloadable as PDF by pay run. Green plan: view-able online only - copy/paste into your own archives as needed)
  • Journal/Register - a history of each pay run (Paid plans: downloadable as PDF by pay run. Green plan: view-able online only - copy/paste into your own archives as needed)
  • Employee T4/RL-1 - tax slips for your employees (Paid plans: downloadable as PDF by slip type and year. Green plan - view-able online only - copy/paste into your own archives as needed)

You may also want to download / archive other reports - these can be accessed in the REPORTS menu. 

That's it, you're all done! We wish you much success in your future endeavors and hope to see you back again!

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