- Part 2 - Setting Up Your Payroll and Gathering Information - ExamSuccess Blog - Useful Money Stuff

Looking for:

How to get started with payroll in Xero (Australia) - Xero TV.Prepare for payroll – Xero Central 

Click here to DOWNLOAD

   

 

Setting up payroll in xero

  Estate Planning. If you switch to Xero Payroll midway through the tax year, add your organisation's xeor balances so they're included in your year-to-date totals. Who We Help. Jack P. Start a discussion Ask our community of customers, accountants and bookkeepers. Still have questions?  

Setting up payroll in xero

 

Under Company logo , click Upload Logo to include a logo to your employee payslips and other company documents. Click Save. Click your organisation name, select Settings , then click Payroll settings. Select the HMRC tab. Only required for sole proprietors or partnerships.

Under Are you eligible for Small Employers Relief? Under Have you registered for payrolling of benefits? See Payrolling employees: taxable benefits and expenses HMRC website for more information about these benefits.

Under Will you be claiming the Employment Allowance for the following tax years? Click Done. Under Are you submitting to RTI as an agent? If necessary, you can fix errors that occur when connecting payroll to HMRC. Add pay calendars to determine your pay run frequency and the date the employees get paid. The payment date you choose determines the tax period it falls in and the pay reference period for pensions. Xero provides a list of bank holidays you can choose to include a part of your employees' leave entitlement.

If your business requires specific dates, you can add additional days. You can then assign the relevant holiday groups to your employees. Set up your pension scheme so you can process pension payments. Once your scheme setup is complete, Xero creates the employee and employer pension pay items. You can retrieve your scheme details and electronically file your pension contributions.

Add pay items for any earnings, benefits, deductions, reimbursements, time off, and earnings orders that make up your employees' pay. If you switch to Xero Payroll midway through the tax year, add your organisation's opening balances so they're included in your year-to-date totals. You might need to refer to the last submitted Employer Payment Summary EPS from your previous payroll software for these figures.

Posting a pay run, even without employees in it, automatically submits your filings to HMRC. You can view the journal report by searching for the pay run payment date.

Ask our community of customers, accountants and bookkeepers. Skip to main content Search icon Search Xero Central. Skip to main content Search icon Search Xero Central.

Rebecca Horwood. Write an answer Add attachement Upload Files Or drop files. Cancel Done. All answers 1. Helen Schafer. Cheers, Helen. Still have questions? Start a discussion Ask our community of customers, accountants and bookkeepers.