Electronic Payments and Employee Direct Deposits for Simply Accounting

Electronic Business Payments and Employee Direct Deposits for Simply Accounting

Learn about TelPay for Business! Click here to watch our product demonstration!

Simple Direct Deposit software for your employees!

Easy:

TelPay makes it easy to pay your employees. Simply import the payroll information from Simply Accounting, enter your employees' banking details and you are ready to transmit the net pay to your employees. TelPay for Business stores your employees' information for the future, so you only have to enter it once!

Low Cost:

TelPay for Business software enables you to pay your employees by direct deposit for as little as $5.00 per payroll file.

Flexible Funding Options

TelPay offers you flexibility when funding your payroll. Options include funding your payroll 2 days before payday (i.e. send the direct deposits to TelPay on Wednesday for a Friday payday).

Other Electronic Uses:

TelPay for Business also works between pay periods. Direct deposit your employee advances and expense reimbursements, and then record an electronic journal entry in your accounting software.

Did you know...

TelPay for Business makes it simple and convenient to remit all of your CRA source deductions (as well as all other government remittances!) with your payroll for 15 cents no more late payment fees! Alternatively, for $0.50, TelPay will electronically deliver your CRA payments and related PD7A information on the date you specify, separate from your payroll remittance!

• Product Demo
• Savings Calculator
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Pay Bills Too!

Many people are already paying their personal bills online. With your TelPay for Business software, your business will now be able to pay all of your suppliers, contractors, consultants and government remittances with just a few clicks of your mouse!

Imagine no more cheques or time consuming administration, just an easy click of a button and all of your bills and employees are paid!

TelPay for Business is the payment solution that can reduce the cost of paying bills by 30 to 50%, and reduce the labour of account reconciliation by up to 75%. By paying only 16 bills per month you will generate enough savings to completely offset any direct deposit fees you pay.

COMPARE & SAVE WITH TELPAY FOR BUSINESS!

Case Study 1

My business has 20 employees paid semi-monthly (24 pay periods)

With Provider A you pay $756.00 (21 transactions x $1.50 x 24 pay periods)
With TelPay you pay $300.00 ($15.00 x 12 months) + ($5.00 x 24 pay periods)

Save $450.00 using TelPay for Business for the same direct deposit service you get from Provider A!
PLUS we include an electronic bill payment service!

Case Study 2

My business has 20 employees paid bi-weekly (26 pay periods).

With Provider A you pay $819.00 (21 transactions x $1.50 x 26 pay periods)
With TelPay you pay $310.00 ($15.00 x 12 months) + ($5.00 x 26 pay periods)

Save $509.00 using TelPay for Business for the same direct deposit service you get from Provider A!
PLUS we include an electronic bill payment service!

Case Study 3

My business has 20 employees paid weekly (52 pay periods).

With Provider A you pay $1638.00 (21 transactions x $1.50 x 52 pay periods)
With TelPay you pay $440.00 ($15.00 x 12 months) + ($5.00 x 52 pay periods)

Save $1198.00 using TelPay for Business for the same direct deposit service you get from Provider A!
PLUS we include an electronic bill payment service!

Case Study 4

My business has 12 employees paid semi-monthly (24 pay periods).

With Provider A you pay $468.00 (13 transactions x $1.50 x 24 pay periods)

With TelPay you pay $300.00 ($15.00 x 12 months) + ($5.00 x 24 pay periods)

Save $1680.00 using TelPay for Business for the same direct deposit service you get from Provider A!
PLUS we include an electronic bill payment service!

Case Study 5

My business has 12 employees paid bi-weekly (26 pay periods).)

With Provider A you pay $507.0013 (transactions x $1.50 x 26 pay periods)
With TelPay you pay $310.00 ($15.00 x 12 months) + ($5.00 x 26 pay periods)

Save $197.00 using TelPay for Business for the same direct deposit service you get from Provider A!
PLUS we include an electronic bill payment service!

Case Study 6

My business has 12 employees paid weekly (52 pay periods).)

With Provider A you pay $1014.00 (13 transactions x $1.50 x 52 pay periods)
With TelPay you pay $440.00 ($15.00 x 12 months) + ($5.00 x 52 pay periods)

Save $574.00 using TelPay for Business for the same direct deposit service you get from Provider A!
PLUS we include an electronic bill payment service!