Xero Integration

Seamless Xero Integration

iPayroll further improves the workflow of dealing with all your payroll data by integrating with Xero.

  • Connect iPayroll to Xero today to see a noticeable difference in time spent on your accounts.
  • iPayroll can send General Ledger postings directly into Xero as authorised accounts payable invoices. Once the payments have been debited from the bank account, these invoices can be reconciled to the payments using Xero's Bank Reconciliation.
  • iPayroll can track your payroll costs to your chart of account codes and you can also assign tracking categories to these codes.
Xero

The iPayroll to Xero Interface

 

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":-

  1. Nett Pay debited: Gross by cost centre less taxes
  2. Paye collected and held in trust
  3. iPayroll's Processing Fees

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

What is Xero?

 

Xero is easy to use online accounting software that’s designed specifically for small businesses.

  • It's all online, so you can work when and where you want to. Just login with your PC, Mac or mobile.
  • Your bank statements are automatically imported and categorized, letting you see your cashflow in realtime.
  • Invite your team and work together on financials. You can collaborate over your uptodate numbers.
  • Xero has all you need to run your business – including invoicing, paying bills, sales tax returns, reporting and much more.

Find out more or try Xero Accounting Software for free.

 

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