Australian payroll reaches one billion dollars per month
In June 2014, we reached the huge milestone of processing over one billion Australian dollars per month of Australian payroll with employers paying over 200,000 employees. This was the first time we’ve gone over that amount in one month and it continues to grow!
Over 350,000 employees, approximately 3% of the working population of Australia, were managed by Australian Payroll in Xero in the last financial year. We’ve seen amazing growth in both the number of businesses and amount of Australian payroll processed using Xero.
End of Financial Year Payroll
Your feedback from the EOFY release has been mainly positive and thank you to everyone who has taken the time to share your thoughts, it helps us help you better in the future. If you still need to submit your report to the ATO we have a recorded version of our EOFY Payroll training available here. The PAYG Payment Summary Annual report must be lodged with the ATO by the 14th August.
Updates to Australian Payroll
As we look ahead to the new financial year we’re excited by the updates you’ll see in the next couple of months and beyond. Our priority for Australian payroll is improving your pay run experience and removing the draft bill to update the general ledger.
What you’ll see is true seamless accounting and payroll. Payroll information will automatically update the general ledger. We’re also working away to improve your overall payroll experience with updates including employee search, changes to the leave scheduling process and much, much more.