Forum Discussion

Edgy's avatar
Edgy
Experienced Cover User
5 years ago

Transition from Xero to MYOB during a Payroll Year

New to a company and I'm creating a new MYOB file. (AccountRight Plus) I believe I will need the existing companies Business Management Software ID (BMI) and existing employee payroll ID's within AT...
  • Steven_M's avatar
    Steven_M
    5 years ago

    Hi Edgy 

     

    Ideally, you want to sign up for Payroll Reporting (STP) and then report those pays as you go. This will then give you the individual records to show that they have been reported if someone does question it. However, you could, in theory, record those pays, sign up and then report those pays either with a zero dollar pay or with your first pay when signed up. From a Payroll Reporting perspective, the information is based on the year-to-date information so it wouldn't matter which way you would go.

     

    In terms of your understanding, that is correct. The previous payroll reporting would need to clear out the records and finalise the records. You would then need to re-enter that information into your AccountRight file so that you can report that information.