iPayroll further improves the workflow of dealing with all your payroll data by integrating with Xero.
Your General Ledger Postings will be automatically imported into Xero whenever you confirm a Payroll. These authorised Accounts Payable invoices will be created in Xero, and can be found under "Awaiting Payment" until the reconciliation with the bank feeds is due when these then move to "Overdue":-
To get the most out of the interface you should set up cost centres in iPayroll that correspond to your Xero Chart of Account codes.
You can also set up any Xero Tracking codes, additional to the chart of account codes that you use in iPayroll. Tracking codes are like cost centres and allow your chart of accounts to remain clean with no repeating groups required. After you connect Xero to iPayroll, when you go to add your chart of account codes to iPayroll, you will see the system draws down the tracking categories to be selected within the cost centre you create.
It's a simple, once-only step to enable the interface from iPayroll into Xero using the Xero eco-system.
Xero is easy to use online accounting software that’s designed specifically for small businesses.
Find out more or try Xero Accounting Software for free.
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