Process a pay run and pay employees – Xero Central

Process a pay run and pay employees – Xero Central

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- Payroll Software – Online Payroll | Xero UK 













































   

 

- Using xero payroll



 

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Using xero payroll.Set up your organisation with payroll



 

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Using xero payroll.Xero Me for employees



   

Xero Payroll Only is designed for customers with four or fewer employees who need an STP-compliant payroll solution, but don't need comprehensive online accounting software just now. You might already be a Xero customer without payroll, an organisation on a Xero Partner Edition plan, or have another accounting solution provided by your accountant and simply need to add payroll.

The plan is available from xero. Xero Payroll Only includes many of the same payroll elements as our other plans. Overview Set up your organisation and bank account details to pay your employees.

Include annual salary, employment status and your company logo on payslips. Set up payslip options and company logo On payslips, you can choose to show or hide an employee's annual salary or employment basis. Set up your payroll with an integration from the Xero app store for smoother HR and employee management. What's next? Add a pay calendar and create employee pay templates.

Pay calendars let you add a pay run to a period in the pay period cycle. Pay templates contain the employee's base pay details. If you want to change the dates of the pay run you'll need to add a new pay calendar before you process your pay run.

Decide how you'll pay your employees if you're paying by online banking with an ABA file. Approve all employee leave requests and timesheets so they're included in the pay run. Once you process leave in a pay run, you can't change the leave type in the leave request.

In the Payroll menu, select Pay employees. Click Add Pay Run. Select a pay period and click Next. Optional Click Add a payslip message to enter a message to show at the bottom of all payslips. Add, edit or remove any additional earnings, deductions, taxes, reimbursements, superannuation or leave in the pay run.

If an employee has started midway through the pay period, you'll need to manually edit their hours in the draft pay run before it's posted.

From a draft pay run, click the employee who needs a pay adjustment. All you need to provide are your billing and payment details. With payment services like Stripe or GoCardless, customers can pay you directly. We believe that Xero is best used alongside an accountant or financial advisor. In July, HMRC announced that all businesses and individuals will eventually have to file their accounts digitally. Cash accounting is the method of recording transactions in the accounting system as and when the transfer of cash occurs.

Accrual accounting, on the other hand, records the transaction when the transaction happens. The Chart of Accounts is a vital component to properly utilising the best of Xero. What accounts should these payments be going against? As Xero automatically matches your accounting record with statement lines, a lot of small business owners mistakenly think they can skip this particular step in both the initial step up and daily use.

But reconciling your bank is vital to ensuring an accurate account, allowing you to pick up on any missing or duplicated transactions. This can be easily solved through having a PayPal account set up in Xero for each currency. With Stripe, the paid funds are transferred into your bank account as daily batches, instead of individual transactions.



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