Xero Payroll - How to Reconcile a Pay Run

[@mark-and-trina]

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[@drone.5k]

Thanks for the vid this helped me understand where i should be putting the bank feeds for payment. I do the gst on xero but make payments through the bank manually. I was reconciling into the wrong accounts. In the bank feed theres two employees and their names individually. The payruns have both of the employees figures together. So on the bank feed it’s different.

[@mark-and-trina]

If you batch pay your payroll payments you should only get one consolidated transaction in your bank feed.

[@atruong222]

Great video series! Can you explain the difference in the superannuation expense and liability account?

[@mark-and-trina]

Sure. When you post a pay run the total amount of super will go to the liability account on the balance sheet and will remain a liability until you pay the amount and reconcile it in your bank feed. When you post the pay run the total amount will also go to the expense account so it shows up on your P&L even if you haven't paid for it yet,

[@toniluong9311]

Thanks for the video, can you explain what the pension posting would be? The EE and ER portions and how to reconcile the payment from the bank? I'm in the UK btw. Thanks!

[@philipwoods5581]

Great video - answered my query perfectly - appreciated.

[@mark-and-trina]

Thanks!

[@Lilly-vg5wy]

great presentation, so helpful, very grateful

[@juarez7337]

Thank you so much! Great detailed explanation!

[@player1tv]

HOw do you automate the entry data. typing that out every time = boring.

[@alexk6745]

Thank you very much that was great. Awesome stuff

[@mark-and-trina]

You're welcome!

[@preespatel3840]

Hello, need help xero is too for me. I am Paying my employees and I don't know my friend is kept telling me it should Come Zero? I Don't understand what she is talking about . Where I can see and fix to make things zero. To give you more idea Mr. Scot instead of coming clear it comes $0.80c less I really don't get it

[@abbysav886]

great videos. straightforward!

[@mark-and-trina]

Glad you liked it!

[@sunnythapar5234]

hi we have started a new business and I am not an accountant how could I learn XERO

[@mark-and-trina]

I have a course made for small business owners. Master Xero today with our massive Xero Australia Course Bundle: www.bullseyemoney.com/xcb

[@BelindaJohnson-q4t]

Hi Mark - I've paid my first Super batch payment to the clearing house for all 5 employees (multiple super funds) and all processed ok. To reconcile this batch payment everything I have found online is only for single super fund (i.e. create "who; superfund, what; 826, why; Q4 super payments) but not for multiple.... do I have to split this batch into the individual funds? Or should I create a clearing house contact to reconcile the entire amount to? Or is it best to filter future quarterly super payments by super fund before processing the batch? I feel there must be a simpler way to do this....

[@mark-and-trina]

When you make the payment you should have the money go out of your bank account as one payment. That way you only have to reconcile one payment in your Xero bank account feed.

[@jonathonstapels7656]

Thank you for the who in generated payroll. We do trades inbound sales, wondering if you would be interested in supporting some of our clients with their bookkeeping and accounting needs?

[@41orchard]

Thanks for video mate

[@mark-and-trina]

No problem 👍