The first step in paying your employees in Xero payroll is to add a pay run. After that, you can post the pay run and finish by emailing payslips to your employees. Check out our video tutorial where we use the Demo Company to demonstrate how to start a pay run, post the pay run…
Setting up a Self-Managed Super Fund (SMSF) and assigning it to an employee in Xero is easy to do. In this video tutorial, you will learn how to add an SMSF and assign it to an employee in Xero’s Australian Demo Company. To add a self-managed superannuation fund, first go to the Superannuation tab of the payroll…
Setting up a regulated super fund and assigning it to an employee in Xero is easy to do. In this video tutorial, you will learn how to add a super fund to payroll and assign it to an employee in Xero’s Australian Demo Company. To add a superannuation fund, first go to the Superannuation tab of the…
An Australian Business Number (ABN) is an eleven digit number that is unique to your business or organisation. The government, other businesses and organisations, and the general public use your ABN to identify your business. ABNs are issued by the Australian Business Register (ABR) which is a branch of the Australian Tax Office (ATO). Although…
Sometimes employees accumulate a lot of annual leave and prefer to be paid the money instead of taking a holiday. When this happens, you can “pay out” or “cash in” some of their annual leave in Xero. Check out our video tutorial where I will show you two methods of how to pay out some…
Pay As You Go (PAYG) Withholding is a system in which business owners make tax payments throughout the year on behalf of employees, contractors and other payees. By making partial payments during the year, there is less likelihood of the payees being lumped with a huge tax bill at the end of the year. If…
As a business owner you are probably paying several different types of tax such as GST and company tax. Two other commonly paid taxes for small businesses are Pay As You Go (PAYG) Instalment tax and Pay As You Go (PAYG) Withholding tax. Because the names are so similar you may think they are the…
If you own a business you may need to pay income tax during the year much like an employee pays tax from their salary or wage. This tax system is called Pay As You Go (PAYG) Instalments. Before we go any further, it is important to understand that Pay As You Go (PAYG) Instalment tax…
Making sense of your GST and Business Activity Statement (BAS) obligations is not easy. Even the most seasoned business owners find it confusing. This article should help you understand what kind of BAS returns are suitable for your business and how often you need to lodge them with the Australian Taxation Office (ATO). Business Activity Statements are…
After you have received a payment on a sales invoice in Xero, you can email a receipt to your customer to let them know their payment has been received. Check out our video tutorial, where we will send a receipt to a customer for a payment that has been received on a sales invoice in…
