UK Payroll - Generate payroll account transactions when you post a pay run.
If I enter and approve an invoice in Xero, it picks the amount up on my UK bank transactions. Same for when I process my VAT report, it produces a bill which I can then reconcile when the money leaves my bank. It's the same for paying expenses. So, why can't Xero handle this in payroll? It's just a simple thing, would be great if Xero could raise the entry so that all data is accurate, and then when the bank statement is uploaded there is all the correct information to reconcile.
At the moment I have to use a rule, which isn't ideal and actually still has to be manually updated with the month details etc.
I don't think this is a big deal, surely its just about enabling the bank reconciliation page to have access to all 'Wages Payable' entries?
Ruth Donaldson
shared this idea
Hi Ruth, thanks for sharing this idea.
When you post a pay run in Xero, a payroll journal is already created. Because of that, creating an additional account transaction o match the payment would risk double reporting rather than resolving the reconciliation step.
At the moment, the best option for managing this in Xero Payroll is to set up bank reconciliation rules for your payroll payments. That can help reduce the manual work involved when reconciling wages from your bank feed.
If you’d like help setting this up, please reach out to Xero Support and we can guide you through it.
Thanks again for taking the time to share your feedback.
