Xero Tips: Allocating Payroll Payments
Mar 06, 2015
Tropical 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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Tropical Business Solutions
Director at Tropical Business Solutions.