great presentation, so helpful, very grateful

Great video - answered my query perfectly - appreciated.

@TheBookkeepingChannel

11 ай бұрын

Thanks!

Thank you so much! Great detailed explanation!

great videos. straightforward!

@TheBookkeepingChannel

2 жыл бұрын

Glad you liked it!

Thanks for video mate

@TheBookkeepingChannel

2 жыл бұрын

No problem 👍

Thank you very much that was great. Awesome stuff

@TheBookkeepingChannel

11 ай бұрын

You're welcome!

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!

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

@TheBookkeepingChannel

2 жыл бұрын

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,

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.

@TheBookkeepingChannel

Жыл бұрын

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

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?

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

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....

@TheBookkeepingChannel

11 ай бұрын

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.

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

@TheBookkeepingChannel

10 ай бұрын

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

👉 Master Xero without getting stuck with The Ultimate Xero Course for Australia: bit.ly/4e4MghD ►► Do you wish you could get step-by-step instructions for setting up and using Xero quickly and easily? ►► Do you want clear explanations in plain English with all the information in one place? ►► Do you want to feel confident that you’re doing it right? 🚀 Then check out the step-by-step program for business owners to master Xero without getting stuck: bit.ly/4e4MghD