Reconcile your payroll account balances

Check your payroll accounts on a monthly basis before filing with Inland Revenue, as well as doing a full year review before filing your March payment at the end of the full financial year.

  1. In the Reports menu, select All Reports.
  2. Click Account Summary report.
  3. Select your PAYE Liability Account and the month range you wish to review.
  4. Click Update.

    The amount displayed will be PAYE outstanding.

  5. Repeat this for the Wage Expense Account and the Wages Payable Account.
At the end of the financial year, April - February should be 0.00 and March should reflect any PAYE outstanding as at 31 March. If not, you need to check that you have reconciled all your payroll transactions correctly.