reconcile PAYE NI payments
Please could Xero automatically generate an invoice for the total amount of PAYE, NI, student loan from Payroll, and a separate invoice for CIS due to HMRC every month, coded to the correct "payable" accounts, which can then be reconciled with the single payment we make to HMRC?
It would be a real help not to have to sort out manually how much of each combined monthly payment should be assigned to each of at least 4 payable account.
-
Optimus Fintech commented
For additional assistance and purpose of AI in payment reconciliation practices and information, you can also check us at:
-
Chris Puxley commented
I was astounded when transitioning to Xero payroll that I found myself manually having to create this manually.
Surely the benefit of having your payroll in your accounting software is that this is created. We are now actually in a worse situation from the perspective of manual admin than when we imported the payroll using 'payrun' functionality from other software.