How do I set up Xero to automatically pay my employees after a pay run? – Xero Central

How do I set up Xero to automatically pay my employees after a pay run? – Xero Central

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Process holiday pay runs in advance – Xero Central



  How do I set up Xero to automatically pay my employees after a pay run?  


Process a pay run and pay employees – Xero Central.



  I know how to run a payroll etc but I want Xero to pay the employees also (transfer money from my bank account to the employees bank account). Hi, I have set up a payment run with payment to leave the account on Xero doesn't automatically pay your employees when you post a pay. Pay employees individually · In the Business menu, select Pay run. · Open the approved pay run you want to make payments from. · Click on the.    

 

How To Do Payroll In Xero | Liston Newton Advisory.Online Payroll | Xero AU



   

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Often one of the more complex and time-consuming areas for a small business owner can be payroll and the constant reports that you need to lodge with the ATO.

Luckily, Xero has created a payroll system that's so easy to understand that every small business owner can manage it. And with so many built-in efficiencies, you won't need to spend all day working on getting your pay run completed. This article takes you through a step-by-step guide on how to set up your payroll in Xero, and how to actually do your payroll run. Your pay run has now been posted. To physically complete the payment process, Xero generates ABA payment files that you can download and then import into your internet banking platform to make batch payments.

This is the mechanism that actually ensures your employees receive their wages each pay run. A statement line for the recent payroll run will appear in your bank account in Xero, and you need to add in a spend money transaction.

If payroll has been the part of your business that has always made you uneasy, or cost you too much valuable time, then we recommend switching to Xero payroll. We can help you understand Xero and cloud accounting , so you can streamline your business finances.

His particular specialties are helping new businesses in their early growth phase as well as helping existing businesses make the transition to the cloud to streamline their bookkeeping and accounting needs. We take a deep dive into the capital gains tax concessions that are available for small businesses.

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Financial Advisory. Wealth Creation. Investment Strategies. Retirement Planning. Estate Planning. Personal Insurance. Call us today How to do payroll in Xero. Home Information Centre How to do payroll in Xero. Collect your payroll information The first step is to collect all the necessary business information. This covers: Personal details, contact details, and bank details Employment details, including tax file number, salary, super, and leave Current pay balance for the financial year, up to when you start using Xero Then you need to make sure your Xero payroll is set up.

Set up your payroll account In your Xero account, click on your business name, hit Settings , then Payroll settings. Set your payroll calendar You can set a payroll calendar that corresponds with your regular pay run.

Select Calendars , then hit Add. Here you can set the Pay period , Start date , and First payment date. Click Add. You now need to create your employee pay templates. Click the Pay Template tab, where you can set and adjust their earnings, deductions, super, and reimbursements.

Hit Save. Your employee pay templates are now set up, and you can go back into them to edit them at any time. Select the correct pay period, hit Next. You can choose here to add a payslip message. Make sure all your employees appear on the pay run. Now, ensure the pay details are correct.

Click Add [pay item] to enter these details. Posting your pay run This is the easy part. Troubleshooting your pay run Some errors you might come across include: Employee limit exceeded. Your Xero account allows you to process pay runs for a set number of employees under your pricing plan. You can increase this limit by changing your Xero pricing plan. Error message saying a particular account type is no longer active. You can fix inactive account errors by updating pay items to active accounts, or restoring the account code itself.

Paying your employees To physically complete the payment process, Xero generates ABA payment files that you can download and then import into your internet banking platform to make batch payments. In the Payroll menu, hit Pay employees.

You can now save this file and import it directly to your chosen internet banking platform. Email your employees their payslips. You can also do this with historical payslips, as well. Go to the Payslips tab and click on Payslip History. Here you can download any historical payslips, save them as PDFs, and send them directly to your employees. Go to the Accounting menu, click on Bank accounts , and select Reconcile xx items for the bank account from which you made your payroll payment.

Find the statement line that represents that payroll payment. Go to the Create tab and create a spend money transaction. Enter the necessary transaction details. What is the account to which you code your payroll transaction, which should match the one selected in your payroll settings. Click OK. The final word If payroll has been the part of your business that has always made you uneasy, or cost you too much valuable time, then we recommend switching to Xero payroll.

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