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- Online payroll in Xero for United Kingdom - Xero TV

 

Modern businesses use software to connect to their bank accounts. Then they can set up automated payments for their employees — and do other useful things too. Your bank account is an integral part of your business. You make and receive payments every day. So it makes sense for your bank account to be closely tied to your business software.

Modern accounting software can link to the internet banking facilities of most major banks. This lets you manage all aspects of your money, without even entering a bank branch. For example, good accounting software can take a bank feed from your bank. A bank feed is a way for you to see your bank transactions when you log in to your accounting software.

It's a quick way to match bank transactions and reconcile your accounts almost effortlessly. You can also make faster payments to your employees, without having to enter all the details manually.

Online payroll is good for your employees — and good for your business. Online banking is covered by strict regulations and tight security. Bank account holders need to know that their money is safe at all times.

So banks and accounting software companies work hard to ensure that online payroll is secure. This is how accounting software makes simple and secure online payroll payments:. It's simple to get automatic bank feeds from your bank once you connect it to your accounting system. Your bank statement lines are fed into the accounting software so that you can match them and then reconcile them with your records.

Your accounts will be updated automatically with all your recent banking transactions. Quality accounting software will let you have direct feeds from most major banks. You may need to sign a form giving the company authorisation first.

You may also have to pay a small fee to the bank. But it's worth the cost, because of the advantages it brings. Simpler payroll is just one of the benefits of linking your accounting software to your bank. Being able to access bank feeds containing updated information gives you lots of flexibility. Some of the other advantages include:.

Anything that simplifies accounts reconciliation and payroll payments is good for your business. If you want to connect to your bank to get the benefits of automated payments and feeds, you'll need the right software. Accounting software packages work in different ways — and with different banks. Make sure you choose the software that's going to work best for you.

It should have these features:. Check out our HMRC-recognised payroll software. Some banks have a traditional, old-fashioned approach to business banking. Others are more modern and proactive and have adapted to the world of cloud-based applications.

Here are some things to look for in an ideal banking partner:. Support for your chosen accounting software. Simple sign-up process, where they walk you through each step. Comprehensive and easy-to-use online banking tools. You should be able to access your accounts via a web browser and also smartphone and tablet apps. Ability to connect to your accounting software. Ability to upload payment data files, if you choose that method of online payroll.

A local presence. If anything goes wrong, it can be frustrating trying to resolve it via a telephone call to someone halfway around the world. A local branch lets you deal with any issues face-to-face. It always pays to shop around. A good bank will stay with you for the life of your business — so this is not a decision you should rush. Once you've chosen the accounting software and bank account that best suits your business, do some testing.

Don't try to do live payroll payments immediately. Integer Page number which specifies the set of records to retrieve. By default the number of the records per set is UUID uuid Identifier for the deduction. UUID uuid Identifier for the earnings rate.

String Filter by the type of statutory leave. If not specified, current date UTC is used. UUID uuid Statutory sick leave id for single object. UUID uuid Identifier for the leave type. Boolean Filters leave types by active status. By default the API returns all leave types. UUID uuid Identifier for the pay run. UUID uuid Identifier for the payrun calendars. String By default get payruns will return all the payruns for an organization.

UUID uuid Identifier for the payslip. By default, the API does not group payslips by payrun. UUID uuid Identifier for the reimbursement. Boolean Filter response with leaves that are currently active or yet to be taken. If not specified, all leaves past, current, and future scheduled are returned.