Process a pay run using Pay Run – Xero Central - Pay into bank accounts

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Xero payroll process 

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Xero payroll process -

  Create a draft pay run In the Payroll menu, select Pay employees.  

Xero payroll process.Process a final pay for redundancy or termination

 

Payroll is a list of your employees and the total amount of money you pay them. It includes salaries or wages, bonuses, allowances, and benefits. Deductions such as tax are also part of payroll. Outsource to a specialist: Professionals know the ins and outs of deductions and will help keep you onside with the tax office. Online payroll software: Software packages can work out pay and deductions for each employee, then create pay stubs, and reports for tax authorities.

Use this flowchart to see how to keep your business transactions separate from your payroll transactions and hold funds for taxes, deductions, and other payroll-related items. Employers handle a lot of cash on behalf of their employees and the tax office. You can also check out the SBA page on hiring and managing employees. Already have Xero Payroll? Get tips on how to use Xero Payroll. Disclaimer: 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. Hiring help can improve your business, and your lifestyle.

Here are the main things to keep in mind. You have a duty of care to your employees. Get familiar with your employer responsibilities before you start the hiring. You want the perfect employee. They want the perfect employer.

Find out how to write a job description that stands out. Now the applicants are lining up. So how do you sort through them all and select the best fit for your business? Employee onboarding is more than orientation. Paying your employees right is essential. Your employees need support too. Employee evaluations help with that. Learn how to hire employees and how to handle the admin that goes with it.

Fill out the form to receive this guide as a PDF. Privacy notice. Access all Xero features for 30 days, then decide which plan best suits your business. Guides Hiring employees Run payroll for your employees. First, what is payroll?

Three ways to run payroll for employees. How to run payroll — from start to finish. After running payroll. Send a report to the tax office saying what you paid your employees and what you deducted from that pay Ensure all deductions, including taxes, go to their rightful places Keep a secure record of the pay run for at least four years, even if your employee has left.

How to keep all the money straight. Handy payroll website. How to hire employees Hiring help can improve your business, and your lifestyle. Know your employer responsibilities You have a duty of care to your employees. Write a job description You want the perfect employee.

The recruitment process Now the applicants are lining up. Employee onboarding Employee onboarding is more than orientation. Run payroll for your employees Paying your employees right is essential. Manage employee evaluations Your employees need support too. Download the guide to hiring employees Learn how to hire employees and how to handle the admin that goes with it. Your email address. What industry are you in? Select your business type Please choose an option Please choose an option A sole proprietor A company Other.

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