When setting up payroll, have you ever wondered what you should do first and where to change your default accounts to suit the needs of your business?
Here’s a quick walk through of a set up after payroll has been enabled. Click Turn on Payroll, the setup wizard will create the business, set up the initial business data and configure the ‘Chart of Accounts’. There are certain chart of accounts that you may want to default to, which are different to the initial setup (see Tip 2)
Now, let’s take a look at some other handy tips in payroll.