If we employee people in our business, we then need a payroll system that enables us to comply with our payroll obligations such as:

  • Paying our employees correctly with hours worked and correct tax deducted
  • Recording leave accruals and used, and tracking leave balances
  • Paying the various super funds the withheld superannuation correctly and within the obligated time
  • Forwarding other deductions to various organisations
  • Paying the ATO withheld Pay As You Go tax correctly and within the obligated time and reporting payroll information
  • And more…..

When Single Touch Payroll reporting to the ATO commenced in 2018, we were relieved of the generation and issue to each employee of annual Payment Summaries, the old “Group Certificates”, as the ATO now generates this annual information, now called the “Income Statement” in each employee’s own MyGov portal. The ATO is able to generate the Income Statement as data is reported to the ATO every pay event from payroll systems.

Now, we have Single Touch Payroll Phase 2! This new reporting, which officially commenced on 1 January 2022, breaks down each employee’s pay into further detail, breaking down allowances, reporting Salary Sacrificing, distinguishing Directors and Closely Held employees and much more.

How could you possibly comply with all this reporting without a software system that keeps up to date with all these legislation changes, and sufficient training in how to use the system?

It is one thing to have a software system the complies and keeps up to date with changes, but it is the user using the system that needs to know the correct settings to use. This is the difference in reporting data correctly or incorrectly to the ATO, in paying employees correctly or incorrectly. The difference in understanding each setting in the system and the implications and ramifications of each setting.

Make It Easy Business Systems (MIEBS for short) commenced running the course Managing Payroll Using Xero in 2017. The course includes all relevant payroll settings, payroll processing, reporting, and keeps up to date with the changes occurring with payroll compliance. The topics in the course are outlined here:

Managing Payroll using XERO – course outline

  • Terminology used in Payroll
  • How to correctly set up payroll using Xero
  • Options for setting up payroll login and access
  • Features when setting up employees
  • How to generate a pay run
  • How to reflect the payroll entries in the accounts area
  • How to use Timesheets
  • How to work with the Employee portal
  • Options available to pay superannuation
  • How to produce a range of reports to help manage your payroll
  • Understand the process to reconcile your payroll records to your financial accounts, and
  • Single Touch Payroll reporting and end of the payroll year finalisation
  • JobKeeper Payment setup and payroll processing.

So, want to get Smarter in XERO? Train with us!

Our courses are conducted virtually using Zoom and also face-to-face. Class sizes are small – attendees are limited to 6. A comprehensive course manual is provided, and a Completion Certificate is issued at the end of the course. Post course support is also available to each attendee.

Learn XERO online with MIEBS!

Xero Training – One day courses – Book HERE

We offer 4 Xero courses delivered by a ATO Registered BAS Agent with extensive experience in using and training in XERO:

  • XERO in a Day – how to use XERO day to day, and the fundamentals of bookkeeping.
  • Managing Payroll Using XERO – how to set-up and process payroll, and meet regulatory reporting using XERO
  • Smarter XERO – how to sort out issues, set-up and use Fixed Assets, Hubdoc, Budgets, Manual Journals and much more
  • Introduction to XERO Projects – how to setup and effectively cost manage small projects
  • Xero Hubdoc Training – take this half-day course to understand how to use Hubdoc for business expenses and integrating business transactions into Xero

Do you need assistance with getting yourself organised? Contact Elke on 0410 819 783, Email contact@miebs.com.au.
Our expertise is in systems, XERO training, MYOB and Microsoft Office applications.

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