For example, you could have one expense account for vacation pay and a different expense account for overtime. If you'd like to break out different types of earnings into different expense accounts you can make different account selections for each earnings type. For reporting purposes you would have one expense account item measuring all earnings. More detail in the Bill results in more detailed reports in Xero (expense reports, outstanding liability reports, etc.)įor example, if you'd like all wages from all employees to go to the same expense account, regardless of what type of earnings they are, you would select the exact same expense account for all earnings items.

The more accounts you choose when setting up your integration, the more detail there will be in the line entries on your Bills. Once all payroll items are matched with the corresponding accounts, the building blocks are in place for the Bill that Gusto will sync over into Xero. Earnings Types (Regular, Bonus, Commission etc.).When setting up your mappings you will be prompted to add:

Benefits of xero accounting software