Friday, 17 April 2015 04:59

XERO Payroll Update

Xero now enables to lodge Payment summary annual reports online with the tax office. Every employer needs to lodge this report with the tax office each year, either via paper form, ATO portal or electronic media storage device such as USB or disks.

This report provides details of the gross wages paid to the employees and tax withheld. You will need an Auskey to lodge this report via Xero.

This is one of my favourite updates as it makes it a very smooth process to create the payment summaries and send the EMDUPE files to the tax office in one go.

HS Bookkeeping Service provides bookkeeping & taxation services in Dandenong and SE Melbourne.

Contact us today on 1300 664 796 to find out more about out Bookkeeper Dandenong services.

Published in Blog
Friday, 17 April 2015 04:56

Xero Payroll

Xero's built-in, super-simple payroll will save you time, energy and pressure.

Xero’s monthly subscription levels are based on the number of current employees per month.

Xero work on a paycycle “calendar” philosophy. It understands which fortnight/week/month pay period was completed previous and is aware of when the subsequent period will run. Nonetheless provides the client the opportunity to operate an “unscheduled” pay run beyond the regular pay run schedule.

Xero will also tax a staff accordingly throughout an unscheduled pay run if they have previously been paid in that pay period.

Xero has lots of additional features such you can lodge the TFN declaration forms to the ATO direct from within this program. Personnel have access to their very own, personal employee portal. There they are able to get a hold of prior years’ payment summaries, pay slips and lodge leave requests while not having to get hold of the bookkeeper or boss directly.

Superannuation payments and withholding tax updates are automated, along with a particular portal that provides you with an entire overview of the payroll as well as the leave. “Xero Large membership” incorporates an automatic superannuation payment method where it merely requires a mouse click and get Xero to automatically report to all super funds for all of your staff.

Payroll operates in so effectively with Xero and is fully integrated and a part of the regular Xero subscription.

Contact us today on 1300 664 796 for further information about our Xero and our Cranbourne Bookkeeper & Accountant Services.

Published in Blog

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