Xero Tips: Allocating Payroll Payments

Mar 06, 2015

Xero-Payroll.jpgTropical Business Solutions Video Blog: Xero Payroll Payment Allocation.

Xero now posts net wages into a payroll clearing account (usually "Wages Payable - Payroll" - (804)). You should be allocating any payroll payments into this account; and aiming to have this clearing account - $0 at months end.

This ensures what has been paid is what was posted in payroll. This is especially important for people not using .ABA files when making payments.

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Sonia Malady

Sonia Malady
Director
Tropical Business Solutions 



Category: Bookkeeping

Sonia Malady

Director at Tropical Business Solutions.