Tax Opening Balances
 

You may need to load some Opening Balances of Tax figures for the current month. This will ensure that your first return contains all the information required by Inland Revenue. Your Opening Balances will be any payments that you have made that are not recorded in iPayroll®.

To record Opening Balances, follow the steps in your Opening Balances page. Please ensure that only one remittance is sent to Inland Revenue when you transfer to our system. (Contact us if you are unsure about this point).

For example, here is a sample Opening Balances page:

Load any Opening Balances for the current month - to ensure that your first Monthly Schedule contains all the information required by Inland Revenue.

Your Opening Balances are any payments that you have made that are not recorded in iPayroll.
1.  Enter Opening Balances Options
Open Bal. Date: Last Pay Date in previous system
 
Open Bal. Date determines irFile period. Use earlier date if o/bals NOT required in Mar 2002 irFile.
  Opening Tax paid to: All to iPayroll - Recommended
    All or some to Inland Revenue
 
2.  If you have an existing ir-File, select it then press the 'Upload ir-File' button.
  Select ir-File:
 
3.  Select a Person to change their Opening Balances.
  Employee deduction details Start/finish dates Gross earnings Not liable for Earner Premium (ACC) Extra pay taxed at low rate PAYE / Withholding tax Child Support Student Loan KiwiSaver KiwiSaver employer contributions
  Matthews Christine (
026980658 M SL		 13-Jun-2001
 $0.00 $0.00 Not Ticked $0.00 $0.00 $0.00 $0.00 $0.00
  Matthews John Willia
026980658 M		 13-Jun-2001
 $0.00 $0.00 Not Ticked $0.00 $0.00 $0.00 $0.00 $0.00
  Smith Fred
00-000-000 ND		 13-Jun-2001
13-Jun-2001		 $0.00 $0.00 Not Ticked $0.00 $0.00 $0.00 $0.00 $0.00

4.  Double Check the figures on your Monthly Schedule.
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Tips

  1. Inland Revenue requires you to send one remittance and return to them each period. If you have made any payments from your old payroll system (regardless of whether it is computer based or not), you need to load those balances here so that we have complete records.
  2. Enter the tax opening balance options at Step   1..
  3. If your existing payroll system creates ir-Files, upload that file at Step    2..
  4. Alternatively, just skip the second step and enter your Opening Balances into the form at Step    3..