Xero payroll training manual pdf - xero payroll training manual pdf

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Xero payroll training manual pdf - xero payroll training manual pdf 

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Xero payroll training manual pdf - xero payroll training manual pdf

 

MySpace Tweet Facebook. Join Co-production practitioners network. Sign Up or Sign In. Powered by. Badges Report an Issue Terms of Service. Co-production practitioners network A network for co-production practitioners. Blogs Forum. Co-production Email Dige. You will need to create a credit note for the amount that was overpaid. Ensure the contact is correct, write a description if you wish to, and save the transaction.

Go to your invoices awaiting payment and search by the relevant contact. You will see both the credit note and any unpaid invoices. You can offset these against each other by either selecting the credit note or selecting the invoice. What: The account from the chart of accounts that you would like to allocate the transaction to. For example, a transaction that is partly business and partly personal can be apportioned accordingly and allocated to the relevant business account and your personal drawings account.

While income and expenses can be entered during the reconciliation process, they can also be entered manually as a spend money or receive money, or as an invoice or bill. Bills and invoices will be recorded in the accounts payable or receivable account awaiting payment from the bank account.

That transaction may be broken up into the following expenses. Amount AUD: This column will automatically populate based on the quantity and unit price. Bills and invoices follow the same principles as spend and receive monies, except that they will be paid sometime in the future. The following is an example bill which can record all the same details as a spend money.

Xero will create a PDF as below that can either be printed or emailed directly from Xero. You can edit this template to include your logo and the text that would like to appear in the middle of the invoice. Your business details will populate automatically from the details you have entered in the Organisation Settings. The description, quantity, and unit price details will populate from the details you enter when you created the invoice. The highlighted fields below will appear on the invoice PDF, so ensure that the information you would like the customer to see appears in these fields.

You can also edit the statement template to add your logo and edit the text appearing on the statement. Settings 4. The display name is the name that will appear in the top left hand corner of Xero as well as on the invoices that you create. Your ABN will also need to be entered on this page so that it appears on your invoices.

Contact details can also be entered on this page if you want them to appear on your invoices. Your ABN needs to be entered here so that it will appear on your invoices. Assets: Tangible or intangible items owned or controlled by the business Liabilities: Payment obligations Equity: The owners interest in the business Expenses: Business related purchases Revenue: Income received by the business.

The default chart of accounts in Xero will have the codes set up so that the accounts appear in order based on their account type. Name Each account will have a name and a description appearing in the second column. When creating reports you can order accounts either by name or by code. Hint: A handy feature in Xero is that when you are creating a transaction you can select the account just by typing any part of the account name. There is no need to memorize each account code or print the chart of accounts for reference.

Type This tells you the type of account it is. The account type determines which financial report the account will appear on, ie. The account types that appear in this column are sub-categories of the five main account types. The GST code can always be manually changed when entering a transaction that is different to the norm. On this screen you can input all the information previously explained. You can also select whether you would like the account balance to appear on the dashboard so you can keep an eye on it.

You can also allow employees to allocate expenses to that account if using the Expense Claim feature. You may also enable payments to and from the account, meaning that you can pay a bill from that account rather than paying it from the bank. This is typically used when the owner of the business contributes money to the business.

Instead of creating a manual journal, you can create a bill for the expense and pay the bill from the owners drawings account. If you select bank account the following screen appears. Xero will then tell you whether bank feeds are generally available for this bank. This does not have to match the account name that appears on your bank statements. This is the account name that will appear on the Dashboard and in financial reports, just like the account name of all other types of accounts.

This is the unique account code that all accounts have as previously explained. Typically a bank account will have a code between 0 — This where you select which currency your bank uses. This is where you enter your BSB and account number to help with identification of the account.

Depending on who you bank with, this information is also necessary to activate bank feeds. This screen allows you to give the user different levels of access to your Xero account.

Enter their name and the email address they will use to log in, and select the levels of access you want them to have. When they receive the email it will contain a link for them to set up their password and log in to Xero. One of the things you can edit is the text that appears on the invoice. However, you cannot edit the font or positioning of the text. You can then download all five templates as Word documents and save them to your computer.

Open the template that you want to edit ie. You can then upload the edited Word document back into Xero. To reorder the themes, simply drag them into the order that you want. Drag the themes to reorder them. This theme was created by copying the Standard theme and changing the logo. Your login email address will be the default email address that receives the replies to any emails that you send from Xero.

In the email settings you can set a new email address to receive the reply emails. You can also edit the default wording of any emails sent from Xero. You will also be able to change the wording on each individual email before it is sent if you choose to. Edit the default wording on the email templates. They are designed to keep track of how much stock you have on hand, but can also be used simply to save time when creating any type of transaction by automatically filling in the description, unit price, and account..

On the inventory screen you can view a description of each item, the quantity held, and add a new item. Inventory items save time by automatically filling in the description, price, and account. Tick this box if you would like to keep track of the quantity held.

Details entered here will automatically appear when creating any type of transaction. Payroll 5. The Calendars must be set up so that Pay Runs can be processed. All other payroll settings are optional. The calendar is you pay cycle. You can have more than one calendar if you have employees that are paid on different cycles ie. Each employee must have a calendar assigned to them in their employment settings in order to process their pay.

There you will be able to see all your current employees and add new employees. You will then be able to save them as an employee. However, you will not be able to process payroll for them with only those details. To process payroll Xero will also require their. These details are entered into the Employment and Tax Declaration tabs. Xero will now allow you to include this. However you may wish to set up their pay template to make processing their pay easier. The pay template is where you can enter their hourly rate, regular deductions, superannuation accrual, common reimbursements, and leave accrual.

You may also enter how many hours they work per pay period if they work a set number of hours. If they work irregular hours you may wish to use the Timesheets feature. Xero will automatically calculate their super accrual based on the current statutory rate of super accrual. You will then need to enter into the first box, and 38 hours into the second box. Process and revert pay runs Auto-enrolment assessment opt employees in and out of pension scheme Other pay runs RTI submissions Adjustments to pay Adjustments to pensions.

Day-to-day operations. Reporting, reconciling and making payment. Pension fillings Making payments Management reports Reconciling payroll accounts Year-end procedure Earlier year update.

Course Details. Live online Classroom Onsite 1to 1 am — pm Weekdays and Weekend pm — pm evening. Enquiry now. Book Now. After the course? Each participant will receive:.