What’s new?

You fed back and we listened.

For Australian businesses using Xero Payroll you now have handy payroll checks for your period close out of the box - including checks for wages, PAYG, and Super.

What benefits does it have for advisors?

• Save time and effort on period close
  Common payroll vs ledger checks automated for your convenience
• Spot and diagnose payroll issues more easily
  Transaction details help you identify missed or late payments, as well as incorrect amounts.‍
• Smart prioritisation of clients with payroll issues
  Quickly spot which clients have payroll issues via your period close dashboard

How does it work?

1. Payroll vs P&L and Balance Sheet reconciliation alerts for wages, PAYG, and Super ready to use.
   You just need to ensure the ledger accounts selected by default are correct and comprehensive.
2. Balance Sheet alerts factor in due dates, starting balances, and payment transactions.
   This reduces false alerts and helps you identify any late payment issues.
3. Add any other payroll checks you need as manual checks - e.g. checking against ATO data.
   Your team can use comments to add details for auditing, such as numbers reported on ATO portals.  
4. Use the Period Close Dashboard to help you prioritise clients who may need remedial actions.