UK payroll year-end made easy: Steps to success | Xero Blog.

UK payroll year-end made easy: Steps to success | Xero Blog.

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- 7 steps to manage Payroll Year End with Xero | Xero Blog



  Running payroll year end shouldn’t be a difficult process provided you are methodical in approach. If you need any help on Xero, Payroll or year-end please contact our Xero Certified Team on , through your local office, or use our on-line contact form. In Xero there's no need to do a roll up journal to bring the profit and loss balance back to at the end of the year. Xero's reports are created in real-time, and reports like the Profit and Loss report run from the start of the financial year using the year-end date you've specified in Xero. Once the new financial year starts, as long as you haven't entered any transactions into Xero . End of year tasks. Check your opening balances are correct if you switched to Xero part-way through the tax year: Add payroll opening balances. Add employee opening balances. Process your final pay run, then review the P11 and P60 .    

 

Do a year end in Xero – Xero Central.Prepare Payroll for year end – Xero Central



    The P11 reports are available to you throughout the year and the P60 reports are made available at the end of the tax year.


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