Integrating Employment Hero with your Xero platform makes Employment Hero your source of truth source for information such as company settings, payroll settings, and employee file data. When you connect the two platforms, Employment Hero will import your organisation details, payroll settings and employee files from your Xero platform automatically.
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What is a chart of accounts?
A chart of accounts is a way of categorising costs, expenses and other transactions related to running a business. You would allocate each dollar that moves through your business to an account type listed in the chart of accounts, ensuring the correct categorisation of every transaction.
A business will typically have different accounts for expenses, such as rent, utilities, and payroll/wages. It is also common for a business to break this down further by attributing payroll by location, cost centre or both.
What is a journal service?
A journal service is a tool that allows you to connect your accounting software with your payroll platform so that you can capture journal entries to the chart of accounts. For example, if you use Xero for your accounting software and journal service, and Employment Hero for your payroll, you would simply connect Xero with Employment Hero Payroll via the journal service integration section.
Read articles related to the integration between Xero and Employment Hero Payroll
We have listed out below some additional articles you can read on topics around this integration: