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Start Hiring For FreeMost businesses will agree that managing payroll can be an extremely complex and time-consuming process.
But what if you could seamlessly integrate payroll into your existing accounting workflows? Xero Payroll offers just that - with the ability to fully automate payroll tasks while syncing essential data across platforms.
In this post, we'll provide a comprehensive review of Xero Payroll, including its key features like tax calculation, payment processing, and reporting. We'll also dive into specifics around its integration with Xero Accounting, pricing options, implementation, and available support resources.
Xero Payroll is an add-on service to Xero's popular cloud-based accounting software that allows businesses to manage payroll directly within Xero. It eliminates the need for separate payroll software by seamlessly integrating payroll functionalities into the core Xero platform.
Xero Payroll is an automated payroll management system designed specifically for use with Xero accounting software. It handles all aspects of payroll, from calculating wages and tax obligations to paying employees and filing payroll taxes. Key features include:
By managing payroll in Xero, all payroll transactions automatically flow into the general ledger and other accounting modules for unified financial reporting.
Some of the main features and capabilities of Xero Payroll include:
A major benefit of Xero Payroll is its tight integration with Xero's cloud accounting platform. Key features of the integration include:
This deep integration eliminates manual processes and duplicate data entry across payroll and accounting. It provides complete visibility into payroll and its impact on the business's overall financial position.
Integrating Xero Payroll with your accounting software enables automatic transfer of payroll data into the general ledger. This eliminates the need for manual entry of payroll transactions, ensuring payroll data flows directly into your financial reports without duplication of effort. Key benefits include:
By automating the flow of payroll data into your accounting software, Xero Payroll saves significant time compared to running payroll manually. Benefits such as:
According to Xero, small businesses save an average of 3-5 days per year by using their integrated payroll solution.
Integration eliminates the need to enter payroll data twice - first in payroll software and then again in accounting. This prevents common errors including:
By maintaining one single source of truth across systems, businesses can generate accurate financial statements as well as comply with payroll tax obligations.
Xero Payroll offers convenient payment processing features to streamline payroll. Key highlights include:
Xero automates complex payroll tax calculations for accuracy and compliance:
Robust reporting provides insights into payroll:
Xero Payroll seamlessly integrates with Xero accounting software to enable efficient payroll and accounting workflows. This integration provides several key benefits:
The Xero Payroll and Xero accounting integration enables automatic flow of payroll data into the accounting software. This includes:
By centralizing payroll and accounting data flows, businesses can streamline workflows and reduce administrative tasks.
With the Xero integration, businesses can access unified payroll and accounting reports within Xero accounting. This consolidates details into single reports like:
Consolidated reports give greater visibility into the link between payroll spending and overall financial health.
The Xero Payroll integration allows single sign-on access to both Xero Payroll and Xero Accounting with one user login. This enables simplified access without needing to manage multiple logins.
Single sign-on centralizes access to both systems for authorized payroll staff and accounting teams. This makes accessing and managing data seamless across both platforms.
Xero Payroll offers three pricing tiers to meet the needs of different businesses:
The Starter plan is ideal for small businesses with up to 5 employees. Key features include:
This plan allows small businesses to automate payroll tasks and ensure tax compliance at an affordable price point.
The Standard pricing tier suits the needs of most small to medium-sized businesses. It includes all Starter features plus:
With the Standard plan, businesses can streamline more HR processes beyond just payroll. The additional features help managers track time off, monitor labor costs, and generate insightful reports.
For larger companies with over 20 employees, the Premium plan unlocks more advanced capabilities like:
The Premium tier removes employee limits and adds customization options for companies that need to scale their payroll. The improved support and API access provides peace of mind for more complex payroll needs.
Integrating Xero Payroll into your existing systems can streamline operations and unlock valuable insights. Here is an overview of the key steps involved:
Migrating your payroll information into Xero can be straightforward with some planning:
Tailor Xero Payroll to fit your workflows:
Bringing new hires into Xero Payroll is easy:
With some planning, you can have new hires up and running quickly in Xero Payroll. Reach out for specialist support if needed during setup.
Xero Payroll offers several support options to help customers with any issues they encounter. These include:
Xero Payroll has an extensive searchable knowledge base with helpful articles and resources on a wide range of topics. Customers can access step-by-step instructions, troubleshooting guides, FAQs, and more to resolve common issues on their own. The knowledge base is regularly updated.
Customers can connect with other Xero Payroll users in the community forums. Here they can search for existing discussions or start a new thread to ask questions and get advice from peers. While not an official support channel, the forums provide a helpful way to tap into the wisdom of other customers.
For more urgent or complex issues, Xero Payroll offers different tiers of direct email, chat, and phone support:
The level of expertise and response times scale up accordingly based on the customer's specific requirements and budget. But all tiers provide helpful guidance from Xero Payroll's knowledgeable support staff.
Xero Payroll provides several key benefits for businesses looking to streamline payroll and accounting:
Xero Payroll is ideal for:
For any business running Xero accounting software, Xero Payroll is the obvious solution for integrated payroll management. The seamless connectivity saves significant time on manual processes while ensuring accuracy. For growing companies needing scalable solutions with automation and advanced reporting, Xero Payroll is a recommended option to consider.
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