The next step after you set up the Xero integration is to configure your default chart of accounts. You can do this by going to the "Chart of Accounts" under the "Settings" tab. You can import your payroll accounts directly from Xero for use of payroll
Step 1: Select "Settings" from the main menu.
Step 2: Select "Chart of Accounts" under "Settings".
Step 3: Manage the chart of accounts, Import payroll accounts from Xero, and save them here.
Step 4: Select an Account for each Account Type under Default Accounts.
The following transaction types are mapped at the default level
PAYG Liability Account:
Sometimes called the PAYG clearing account, this account will track your PAYG liability transactions.
Wages Expense Account:
This account is used to record the gross wages expense for the pay run.
Wages Payable Account:
This account is often called the "payroll clearing" account and is used to reconcile the net payment amount of the payroll to the transaction from your bank account.
Superannuation Liability Account:
Sometimes called the super clearing account, this account will track your super liability transactions.
Superannuation Expense Account:
This account is used to track your SG super expense transactions.
Default Payroll Liability Account:
The account specified here will be where all the deductions get journaled if there is no specific liability account set up.
Employee Expenses Account:
This account is used to record any employee expenses processed within the pay run. Expenses are not deemed part of employee wages.
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