NZ Payroll - 63 day holiday report
This is required at year end. Annual leave owing at balance date but paid within 63 days after balance date is tax deductible in that balance date year.
Paula McCone
shared this idea
Appreciate you starting an idea, Paula. It really helps if we can share detail of how or when this idea would help your business.
Come back to let us know 🙂
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Murli Vasu
commented
Hi There, curious to know, does Xero provides report 63 days payroll liability report. This is needed to accrue for the liability at the end of each tax year, since IRD allows this accrual to be accounted, with one condition, if the company has paid the staff with in 63 days from the end of each tax year. I know, this report is availabe by the other payroll software. Can this report be extracted from payroll reports.
thanks
Murli Vasu
SBA Albany -
Tipu Hayes
commented
Could you please confirm how I can export the holiday pay report for 63 days from Xero Payroll?
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Megan MacDonald
commented
This is required at year end. Annual leave owing at balance date but paid within 63 days after balance date is tax deductible in that balance date year.