Xero payroll year end procedure - xero payroll year end procedure

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Xero payroll year end procedure - xero payroll year end procedure.Prepare Payroll for year end 

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Xero payroll year end procedure - xero payroll year end procedure.End of financial year payroll requirements

  This can be done by unticking all employees when the pay run is processed to draft and then posted.  

- Payroll period-end – Xero Central

  Jun 27,  · Payroll End of Year Processing in Xero Step 1: Checking your payroll settings. Select Settings from the main toolbar. Go into General Settings; Organisational Settings; Check the details are correct, make sure the Trading Name is the correct name, as this is what will show on the payment summaries. Save and close; Select Settings from the main toolbar. Go into . In the Payroll menu, select Employees. Click Payment Summaries. If you've set up STP, you can access old payment summaries. Click End of year reports, then select Payment Summaries. (Optional) Under FBT Exemption, select the checkbox if you want to enter exempt and non-exempt reportable fringe benefit taxes (RFBTs) for each employee. How it works. If you've posted your final pay run before 19 April, we'll automatically let HMRC know it's your final submission in the last EPS report of the year. All you need to do is review your payroll reports and prepare your employee records for the new tax year. If you need to make corrections or forgot to make a claim, make sure you do so by 19 April.