This article will show you basic set-up for Xero Payroll
DEFAULT ORGANISATION SETTINGS
| Name | Description | Poolwerx Account number |
| Bank account | This is the primary bank account that salary and wages will be paid from | Usually account 1000-001 - however check your COA for the main account |
| PAYG Liability Account | This is the tax component on the salary and wages. This will continue to accrue until you pay your BAS | 2300-022 PAYG Witholding |
| Wages Expense Account | Gross Salary & Wages to P/L (ie. before tax) | 6100-100 Wages and Salaries |
| Wages Payable Account | Until physically paid it is posted to Balance Sheet (when paid you mark the payment against the wages payable account) | 2300-001 - Wages and Salaries |
| Superannuation Liability Account | Until physically paid it is posted to Balance Sheet (when paid you mark the payment against the super Payable account) | 2300-003 Superannuation Payable |
| Superannuation Expense Account | Shows on the Profit & Loss | 6100-101 - Superannuation |