Over the last month we’ve been working closely with leading web-based payroll provider iPayroll to save you more time when processing your payroll.
For most companies, your payroll provider will generate a number of bank transactions which can be quickly processed into Xero with our self learning bank reconcilation – for many small businesses this is all you need.
For companies that want to track salary expenditure into cost centres, iPayroll uses the Xero Network to automatically and securely send the accounting transactions into Xero saving you considerable time each pay cycle. You can then approve the invoices from iPayroll and reconcile them quickly with a single click when the transactions hit your bank account.
iPayroll supports both a traditional chart of accounts (with headers and sub-headers) and also the new Tracking features of Xero. Once set up in iPayroll you’ll find accounting for payroll a breeze. It’s set and forget, approve and click!
We use iPayroll ourselves at Xero and have been impressed by the work they have done on KiwiSaver and other changes that reduce complaince costs. Using iPayroll + Xero saves us 2-3 days a month.