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Community > AU Payroll >

AU Payroll: Payroll / wages as a direct cost - Paycycle

Started by Tanya Jephtha -   in AU Payroll

Hi,
Has anyone using paycycle (about to be integrated into Xero) managed or thought about how to allocate wages as a cost of sale (direct cost)?
Paycycle & Xero allow for multiple wages accounts, but they must all be EXPENSE type accounts.
An option would be to journal the balance of the wages expense account to a direct costs account after each pay run, but I'm not sure of the consequences of that (IE reporting).
Hi Tanya

You could edit the Layout of the P&L report to show the Wages expense with the Cost of Sales accounts. Here is a link to the Help info http://help.xero.com/au/#Report_CustomiseLayout.

Regards

Colleen
 

Diverse Business  

thanks Colleen,
Just tested your suggestion. Works perfectly.
thanks
Tanya
 

Tanya Jephtha  

Just letting you know the Paycycle integration went live today in Australia - announced on our blog - Payroll for Australia - and we'd love your feedback over on this Community thread - Payroll is now included in Xero for our Australian customers.
 

Catherine Walker (Community Manager)