CloudPayroll 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. Authorised Accounts Payable invoices will be created in Xero, and can be found under "Awaiting Payment" until the reconciliation with the bank feeds are completed when these then move to "Overdue."
To get the most out of the interface you should set up cost centres in CloudPayroll 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 CloudPayroll. 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 CloudPayroll, when you go to add your chart of account codes to CloudPayroll, 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 CloudPayroll 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.