Payment Tips & Guides for Small Business | Xero NZ.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Get support on using Xero products. Consult articles explaining how to use Xero and troubleshoot issues. Join discussions with other Xero users. Contact Xero Support if you need extra help. Payroll & employees. Paying employees and tax, timesheets, superannuation/pensions, leave, employee access, payroll reports. Aug 19,  · Support Podcasts Blog Login Free Trial Skip to collection list Skip to video grid NZ Payroll How to manage leave in Xero (NZ) Through the employee portal, staff can submit leave requests online, which managers can approve. Online payroll in Xero for New Zealand Reconcile Payroll Payment Transactions – NZ. 1. In iPayroll go to the ‘Setup’ menu then ‘Interfaces’ and connect iPayroll to Xero. 2. You then add all the payroll chart of account codes from Xero to iPayroll under ‘Costing/GL, when adding these you can also add tracking categories. (you can also upload all of these via spreadsheet upload on this screen) 3.
 
 

Run Payroll | Guide to Hiring | Xero NZ

The iPayroll interface with Xero is really easy to set up. Jenny Murphy. A fantastic payroll system that integrates easily with our other systems. Staff being able to access their own kiosk for pay-slips and managing leave has been a game-changer. The staff at I-Payroll are extremely knowledgeable, friendly and easy to access. Highly recommended!

Adrian Judd. Set the bank account and Xero accounts you’ll use to pay your employees. You can use the default Xero accounts or choose your own.

Click on the organisation name, select Settings , then click Payroll settings. Click Save. The date is based on the payment date of your first pay run. But if this is not the situation, I generally recommend businesses to invest in a full service intermediary payroll system.

My favourite is iPayroll. Yes, I am an iPayroll Partner, and I do receive a small trailing commission on referrals if I call them before you do! Frankly, errors in payroll have the potential to be very expensive, both in IRD penalties and creating crippling employee grievances. My view is — why take the risk? Find me at helen livingbusiness. Skip to content. With easy-to-use payroll software and online accounting in the cloud, you can organise all your business information in one handy place.

Log in to Xero any time, anywhere, on any device, to make pay runs a walk in the park. Xero Payroll not only helps you to manage your tasks, it automatically updates your accounts too. Xero Me makes it easy for employees to view their payslips, submit their timesheets and apply for leave. Payday filing in Xero is coming soon, making it easier than ever to file your employment information with Inland Revenue.

Online payroll in Xero for New Zealand – Xero TV – Payday filing sorted

Their applications can then be approved or denied by their manager, without excessive paperwork. Process expenses and travel claims quickly: These are costs that are incurred by your employees but chargeable to your business. Make sure your employees are reimbursed as quickly as possible — this saves any potential stress. Make regular healthcare, pension or superannuation contributions: These payments may not be very large, but they add up over time — and so do any errors.

Good payroll accounting software will take care of these payments automatically. Benefits, overtime and sickness pay should also be handled quickly and efficiently if you want to keep your employees happy.

Choosing the right payroll software. Simplify tax paperwork: Tax paperwork is unavoidable if you run a business. Good software will make it as simple as possible, by linking into your accounts and retrieving all the necessary information at once. Then all you need to do is check it and submit it — usually online. Take care of new employees and ex-employees: A few clicks should be all it takes to handle paperwork and payments for employees leaving your business. It’ll be a little more complex when new people join, but good payroll software will take you through the process easily.

Reduce IT costs: The best software is one that you don’t have to worry about. No in-house support costs, no expensive upgrades and little to no downtime. By using online payroll accounting software sometimes called cloud payroll software you can stop worrying about IT issues, because it’s all taken care of remotely.

Give you access from anywhere: Online payroll accounting means your data is stored securely and you can access it online, from wherever you are.

So you don’t need to be in the office to approve payments or check the monthly payroll figures. You can do that from anywhere, at any time, using a laptop, tablet or smartphone. Stay up to date: Tax laws change, income tax rates vary, and employee benefits law isn’t set in stone. It’s important that you are able to trust the connection with your bank. Any errors might be hard to fix later. So check the numbers regularly in the early stages.

Make sure the automated processes are doing what they should. Integrating your accounting software with your bank can make life simpler for you. As well as making your financial information available in real-time, it can make payroll faster. It also reduces the risk of human error, and the time and effort required to keep your accounts up to date.

With a little work up front, you can improve the efficiency of your payroll operations. This will help keep your employees happy — and that’s good for business. Xero does not provide accounting, tax, business or legal advice. This guide has been provided for information purposes only. You should consult your own professional advisors for advice directly relating to your business or before taking action in relation to any of the provided content. Access all Xero features for 30 days, then decide which plan best suits your business.

Guides Online payroll. Payroll doesn’t stand still. Linking your business to your bank. How does it work? Your accounting software creates a payment file containing payment instructions in a form that your bank understands Log in to your online banking and upload the file Then simply confirm that you want to make the payments — and off they go. Connect to your account.

A bank connection makes it easier to do business. Choosing the right software. Support for bank feeds and account reconciliation: Ideally this should be automated, so you don’t have to manually download the data from your bank account.

Support for payment data files: It should be possible to create standard format payment data files that you can upload to your bank. Invoice payment terms: Top seven tips.

How to accept payments online. What is accounts receivable and where can it go wrong? Can payroll software actually save you money? Setting up online payroll with your bank. Cant add breaks, hard to use, poor design. No not recommend.

Jane Butcher. Very non-tradtional presentation of annual leave balances on payslips, has left all staff confused as we migrated across to Xero from another system and it shows balances brought fwd in hours, and anything since then as a holiday pay dollar accrual – which is not ideal. Just a simple up to date holiday pay in hours is what we want. Hard to understand at 1st.