Paycycle integration with Xero - update from Xero Road Show

Kelly Migro - Saturday, February 18, 2012

The Xero Roadshow came to Perth on Friday, I have been to the previous two events they had where it was held in a small room with about 20 Xero Partners, this time the room was at full capacity bringing in extra chairs with over 120 people.  This shows how more and more accountants and bookkeepers are embracing Xero and there will be more business using it.

Did you realise that Xero have not done any advertising in Australia, it has all been via social media and the uptake of the software has been amazing.  This shows how social media, twitter, facebook and blogging really do work! If you need help with social media make sure you contact e-assistant. However you will start to see advertising of Xero soon through banner advertising, so next time you talk about Xero and how much you love it more people will know what it is.

The main reason for attending the Xero Road Show was to find out about the Paycycle Integration into Xero.  Any of my clients requiring payroll I put them onto Paycycle paying a separate subscription for this, but mid last year it was announced that Xero had purchased Paycycle and were going to integrate it into the Xero software, and then better yet it would be included for no extra cost with the medium or large subscriptions.  This is on track to be fully integrated at the end of April and in the meantime have had to pay separately for Paycycle.  The great news is that from 1st March if you have a Xero and Paycycle subscription the Paycycle subscription will now be free! You may have to upgrade to a new pricing plan for Xero, but you will still be ahead financially.  See below to see which pricing plans suits you best with payroll:

If you are wondering why Paycycle is such a great payroll software then read more on my blog Why I am Loving Paycycle.

Why I am loving Paycycle

Kelly Migro - Thursday, September 29, 2011

Looking for a payroll software, which is fast and easy to use?

I first used paycycle because of the fact that xero didn't have payroll built into it and paycycle integrated with it, I now use paycycle because it is so easy and accurate to use.

paycycle small business payroll online

I had a new client which had their accounts prepared in MYOB by their accountant as a "favour" who didn't understand bookkeeping and payroll, due to this they just relied on what MYOB prepared for the payroll based on what information they input.  Due to this the employees did not have any leave accruals calculated in the system nor details of their superannuation and to make matters worse the employees were being overtaxed.

Don't get me wrong MYOB payroll works and calculates payroll great, but if it isn't set up correctly then all sorts of errors can occur.  Which is why paycycle is the perfect small business payroll system for anybody.  Tax tables are always up to date, and you never have to worry about whether you have uploaded the latest ones or not.

The payrun cannot be processed until everything is set up correctly, and it can take 30-60minutes to set up a new business, then 15 minutes for each employee.  Once this is done the payrun can be processed weekly, fortnightly or monthly by scheduling the paycycle and clicking a few buttons.  The bank file will even be created, which means a simple import into the internet banking, click to email the payslips to the employees and you are done.

As paycycle integrates with xero all it takes is a click of a button and the transaction automatically occurs in xero, it can also be used side by side with MYOB or Quickbooks by importing a journal and is a much cheaper option than paying annual fees for tax tables updates.

The even better news about paycycle is the fact that xero has acquired it, which means it will soon be included within xero!

Get in touch:

Phone Kelly on:
08 9467 2528

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