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By Sharna CouperXero has recently announced a number of exciting new Payroll features, which are coming in their update this month. The feature that we are most excited about is the automatic integration of payroll transactions into your General Ledger. We have found in the past that the process of creating and approving bills for pay runs has been a source of confusion for many of our clients. This new release will mean that once you have posted your pay run, Xero will do the rest for you -... More...
With the new financial year rapidly approaching employers need to be aware of tax and superannuation changes that will affect their employees.Superannuation rateFrom 1 July 2014 the superannuation guarantee rate will increase from 9.25% to 9.5%. For employers using Xero, whose employees are set up to receive the 'statutory rate' of superannuation, this change will automatically be applied for the first payroll after 1 July 2014. If you are using Xero, it is worth reviewing your employee list... More...
by Courtney MarshAs you may already know, starting from 1 July 2013 there is an uplift in the superannuation guarantee rate from 9% to 9.25%.Xero has taken the pain out of updating this in your payroll system, they have automatically updated employees who had the calculation type set as percentage and a rate of 9% to a new statutory rate method. This also means any future changes to the rate will automatically happen if you are using Xero.  Please keep in mind, employees with the calculation... More...
Written by Adele Wardley. Xero's latest payroll release is here (installed while you sleep!) and now facilitates employee's entering their timesheets directly to Xero payroll from their employee portal.We hate duplication, and we love automation. This latest, much anticipated, release allows your employees to enter their daily hours worked in their employee portal. These hours will then flow through to your payroll for the week - in addition to the existing options to enter their leave reque... More...