Employee opening balances

Add your employee opening balances so their pay history imports into Xero if you're switching during a fiscal year.

How it works

Opening balances are year-to-date earnings and taxes you've paid during this fiscal year. You'll need to set an opening balance date and add each employee's year-to-date earnings. If you are switching to payroll in Xero in the middle of a quarter, you'll need to run an unscheduled pay run so their pay history records for the current quarter. This way, you'll include their pay history in the records you report to the IRS.

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