How to set up the chart of accounts [KeyPay]

Updated: 14/07/2021
Article #: 39


Once you have connected KeyPay to Xero or MYOB, you can then create the Payroll Cost centres and assign the various expense accounts to the various locations and sub locations.

The accounts created in KeyPay will then be used to post the Payroll journal entry transaction in either MYOB or Xero.

As KeyPay has a direct API integration with Xero, the accounts can be imported directly into the software, with MYOB, the Accounts must be entered manually.

 

Import Accounts from Xero

  1. Click on the Business Dashboard icon  > Payroll Settings > Chart of Accounts
  2. Click on [Import Accounts]

    è The Client's Xero Organisation's chart of accounts is displayed



  3. Select the Accounts you would like to map in KeyPay
  4. Once you selected all the required Accounts click on [Save Accounts List]

 

Manage MYOB Accounts

  1. Click on the Business Dashboard icon  > Payroll Settings > Chart of Accounts
  2. Click on [Manage Accounts]

    è The Manage Accounts screen



  3. Select/Enter the following details:
  4. Account Code            > Enter the MYOB account code
  5. Account Name           > Enter the MYOB account name
  6. Account Type            > Select the correct account type
    Note: the account code and name must be the same as the accounts created in MYOB.
  7. Click on the Add button 
  8. Repeat the above steps until you have added all the required accounts






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