Opening Year to Date Balances

To ensure that your employees' year to date balances are correct when starting with CloudPayroll, the opening balances as at an 'opening balance date' must be added.

1. Go to Tax > Opening Balances.
2. Enter the date of the opening balances in the Opening Balance field.
3. Click Save to save the opening balance date.
   A success message displays to confirm the opening balance date has been saved.
4. Select an employee's name from the list in the table.
   The employee's tax opening balances is displayed.
5. Add the following details:
   • Gross Taxable Earnings
   • PAYG
   • Commission
   • Employer Contributions (SGC)
   • Salary Sacrifice
   • RESC
   • Non Taxable Allowances
   • Taxable Deductions
   • ETP
   • ETP tax
6. Click Save to save the opening balances for this employee.
   A success message displays to confirm the details have been saved.
7. Select the next employee from the list of employees on the left hand side.
8. Repeat steps 4 to 5 for each employee until the opening balances have been added.