Calculate Your Payroll Amounts In Xero After A Conversion

When setting up payroll in Xero, most employees would have opening balances so that payment summaries can be created out of Xero easily. The downside is that the reporting for the first quarter/ first month after conversion does not easily give the correct figures for earnings, PAYG and super. To get those, you’ll need some details from your old system.

Below is an example how to get the correct figure for Wages and PAYG Withheld for the first quarter post conversion. In this example the last payroll completed in the source file was 17 February.

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Xero Out of Balance imported from MYOB

When converting information from MYOB to Xero there are some system differences that need to be taken into consideration. For example MYOB will allow you to create direct entries & manual journals to the Trade Debtor and Trade Creditor accounts. In Xero you are unable to perform these actions. An out of balance between the … Read moreXero Out of Balance imported from MYOB

How does payroll come across from MYOB to Xero?

When ordering a conversion job there are two options for you to choose from which is either to convert full historical data from 1 July 2013 or ONLY opening balances from a certain month. Full Transactional History Conversion If you select a full transactional history conversion then you will also get payroll setup included. We … Read moreHow does payroll come across from MYOB to Xero?

Xero Payroll Items Guidelines

NO = tick Exempt, in Xero Pay Items Setup Payments to an employee in relation to …Awards and agreements TAX SUPER Overtime hours – award stipulates ordinary hours to be worked and employee works additional hours for which they are paid overtime rates Yes NO Overtime hours – agreement prevailing over award Yes NO Agreement supplanting award … Read moreXero Payroll Items Guidelines