CHART OF ACCOUNTS
Your Chart of Accounts is vital to your payroll.
This is the balance of accounts credited and debited when a payroll is conducted. To make this as efficient and smooth as possible, we have included a guide to setting it up.
IMPORTING
If you are using MYOB or XERO, you will save time importing them.
From Xero
Go to Settings, Chart of Accounts and click on Import from Xero. You'll also find a step by step guide on our specific Importing from Xero tutorial.
From MYOB
Open MYOB
Got to File, Export data, Accounts, Account Information.
Choose the latest month in your financial year, then press Continue.
Choose Match All.
Then choose Export.
Save the 
file somewhere you’ll be able to find it again (usually desktop is the best choice).
When you are back in Paycycle, go to Settings, Chart of Accounts and click on Import from MYOB.
Choose the file you saved before and that will import your accounts into the application.
MODIFYING
Here, you can change the number, name and typeof account. To do so, click on the account you wish to change and modify the details. Once you are done, press SAVE.
SORTING
Paycycle gives you the freedom to sort your accounts by number or name. To do this, just click on the title and it will automatically sort the accounts.
Bare in mind the number sort is an "alpha sort" not a "numeric sort". The Account "number" can contain non numeric characters such as dashes. So, if you have 3 accounts, 6200, 500 and 700, the sort will be 500 - 6200 - 700, not 500 - 700 - 6200.
ADDING OR DELETING
Adding and deleting accounts has never been easier. Under Chart of Accounts actions, you'll find separate commands to add and delete accounts. Pick the one you want and that’s it!
