I have been using Sage for a long time, and have just taken on a new client who's previous bookkeeper used Xero. We have decided to continue using Xero for continuity, and so far so good with learning where the buttons are in relation to Sage!
My question is this - I run the client's payroll on Moneysoft, but can't work out how to post a payroll journal to Xero, and which nominal codes to use! I am far too familiar with Sage, I think!
If you're used to Sage, the default 'nominal codes' used in Xero are a bit oddly laid out - but in principle, once you know where each code fits on the P&L and balance sheet, it should fall into place. If you go to 'Settings' -> 'Chart of Accounts' you should see a list of all codes, with a 'Type' column that shows you where they are on the P&L/Balance Sheet.
Looking at my Xero client's chart, for example, current liabilities are all in the 800 range. That's where you should find the equivalent of the Sage default of 2210 for PAYE/NIC, and 2220 for the wages control account. Here, that's 814 for "wages payable - payroll" and 825 and 826 for PAYE and NIC payable respectively. Salaries, on the other hand, are in the 400 range, which are overheads - specifically, I have 477 for salaries, and a couple of others in that range for further breakdown. (I think these are the original defaults.)
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Vince M Hudd - Soft Rock Software
(I only came here looking for fellow apiarists...)
Thanks Vince. I have checked the COA and have only got 44 for Direct Wages, and nothing else there. i have Directors Salaries under 254/1 and Directors NI under 254/5 (both overheads).
But i think i can work it out from what you have said, thank you!
I have a client who went over to Xero from Sage, and all the nominal codes are exactly the same as Sage - could be because we imported everything before starting thought but I thought it was normal.
Xero was set up for my client by their new accountant, so when I first saw the coding I did wonder if it was her doing - but I then set up a free trial account to experiment with some transactions without it impacting my client's accounts, and the default coding was similar to theirs.
So in your case, Sam, I suspect it was down to the way it was set up - presumably via MoveMyBooks. Logically, if importing the raw data from Sage, it either has to start by setting up the same nominal coding/chart of accounts, or it has to process and re-code every transaction.
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Vince M Hudd - Soft Rock Software
(I only came here looking for fellow apiarists...)
