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Is Xero Payroll any good? See if Xero is right for your business.Online payroll in Xero for New Zealand – Xero TV

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With Xero you get free online support 24/7 from our customer support team. When you’re looking for answers, start by searching the support articles in Xero. Automated direct payments: · Fast updates to tax codes: · Accurate tax information: · Let your employees help: · Manage holiday accounting: · Process expenses and.


Set up your organisation with payroll – Xero Central.Payment Tips & Guides for Small Business | Xero NZ


The answer is: It depends. I use Xero Payroll myself in my own business, and I sometimes recommend it, and sometimes not. Here is what you need to know about it and whether it will be good for your specific business. Yes, it has a very friendly user interface, just like the rest of Xero. It also provides a user friendly app for employees where they can enter timesheets and apply for leave. That means there is no live help desk who you can phone up and ask questions.

Just like normal Xero, you can log a support ticket and get email support, and will only call you if all else fails. Support is limited to how to use the software, rather than being able to get general advice on how to apply legislation. This is the most common feedback I hear from users who are struggling with it — they have general questions about how much and what to pay and want to discuss this with someone. Xero Payroll is not. An Intermediary can pay your staff on your behalf, and also take responsibility for paying IRD.

Using an intermediary means you press the button to finalise the pay, and the payroll provider does the rest — including taking responsibility for ensuring IRD filings are made correctly and on-time. With Xero Payroll, you still need to pay your staff, and pay IRD on 20th of the following month — and you are responsible for ensuring payments to IRD are correct and made on time.

Xero Payroll however keeps these leave balances in hours. The most common errors I get involved with are when Annual Leave balances are shown to be incorrect, and Annual Leave has not been paid out at the correct rate. There are some situations with payroll not just Xero where manual adjustments are needed.

But there may be no warning or notification about this, leading to these adjustments getting missed. The most common missed adjustment is changing the number of hours representing Annual Leave or Sick Leave when an employee changes their standard hours.

This may not come to light until months or years later. Strangely, if an employee changes their terms of employment from Casual to Permanent, they need to be reloaded in Xero Payroll as a new employee.

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. How much is Xero Payroll per month? Is Xero Payroll easy to use? Xero Payroll — Rescue Mission! This field is for validation purposes and should be left unchanged.


Xero payroll help nz.Powerful payroll software in Xero


Skip to main content. Xero Payroll NZ. By Xero. Payroll HR. Get this app. The cloud platform allows you to organise all your business information in one handy place. Play Video. Hard to understand at 1st. Additional info. App details By Xero. Bank account holders need to know that their money is safe at all times. So banks and accounting software companies work hard to ensure that online payroll is secure.

This is how accounting software makes simple and secure online payroll payments:. It’s simple to get automatic bank feeds from your bank once you connect it to your accounting system. Your bank statement lines are fed into the accounting software so that you can match them and then reconcile them with your records. Your accounts will be updated automatically with all your recent banking transactions.

Quality accounting software will let you have direct feeds from most major banks. You may need to sign a form giving the company authorisation first. You may also have to pay a small fee to the bank. But it’s worth the cost, because of the advantages it brings. Simpler payroll is just one of the benefits of linking your accounting software to your bank.

Being able to access bank feeds containing updated information gives you lots of flexibility. Some of the other advantages include:. Anything that simplifies accounts reconciliation and payroll payments is good for your business. If you want to connect to your bank to get the benefits of automated payments and feeds, you’ll need the right software.

Accounting software packages work in different ways — and with different banks. Make sure you choose the software that’s going to work best for you. It should have these features:. Some banks have a traditional, old-fashioned approach to business banking. Others are more modern and proactive and have adapted to the world of cloud-based applications. Here are some things to look for in an ideal banking partner:. Support for your chosen accounting software.

Simple sign-up process, where they walk you through each step. Comprehensive and easy-to-use online banking tools. You should be able to access your accounts via a web browser and also smartphone and tablet apps. Ability to connect to your accounting software.

Ability to upload payment data files, if you choose that method of online payroll. A local presence. If anything goes wrong, it can be frustrating trying to resolve it via a telephone call to someone halfway around the world. A local branch lets you deal with any issues face-to-face.

It always pays to shop around. A good bank will stay with you for the life of your business — so this is not a decision you should rush. Once you’ve chosen the accounting software and bank account that best suits your business, do some testing. Don’t try to do live payroll payments immediately. Take the time to understand how the process works.

Test your bank feed — check how well it integrates into your accounting software. Make sure the numbers make sense. Then you can move to online payroll.

Start with some test payments to make sure everything is working as it should. For example, you could pay a small amount to yourself or one employee. This would be a great first test as you can reverse the transaction and easily get the money returned. 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.

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