This process aims to guide users through accurately recording Long Service Leave for employees in Xero by systematically calculating their
opening balance and annual accrual rate based on their service duration and relevant state regulations. It ensures that users enter the
necessary information, such as employee details, leave types, accrual rates, and opening balances, into Xero's payroll system, enabling the
accurate tracking and management of long service leave entitlements. Through clear steps and calculations, the process facilitates the
seamless integration of long service leave records into Xero, ensuring compliance with regulatory requirements and effective financial
planning for businesses.
Please don't hesitate to contact the team at Smart Business Solutions on 03 5911 7000 if you require any
assistance.
Changes are coming about how you manage Xero payroll with Single Touch Payroll (STP) Phase 2. This video explains how to manage Employee Transition in STP Phase 2.
