Overview
At its heart, Buddy is more than just a payroll software; it's a comprehensive solution designed to tackle the multifaceted challenges of payroll management. Here's what Buddy brings to the table:
Instant Calculations & Payslip Previews: Process payroll in real-time. As you input data, Buddy instantly calculates and provides draft payslips, allowing for immediate review and adjustments, reducing the likelihood of errors.
Time & Attendance Rule Engine: Convert timesheets into payroll data effortlessly. Buddy's rule engine can be customized to match your business requirements, ensuring that employee hours are accurately reflected in their pay.
Employee App: Empower your employees with an app where they can access their payslips, apply for vacation leave, and view their leave balances. This not only enhances transparency but also reduces administrative tasks for HR.
Vacation Management: Streamline leave applications and approvals. Employees can apply for leave, managers get instant notifications, and can approve or decline requests with ease.
Automated Compliance: Stay on top of regulatory requirements. Buddy ensures that tax calculations, deductions, and other compliance-related tasks are handled automatically, keeping you in line with local regulations.
Service Provider - Client Collaboration: Beyond its standalone features, Buddy empowers small businesses to collaborate with Service Providers with working hours, holiday data and approvals empowering instant data transfers.
Why Buddy is Perfect for Xero Users:
Tailored for Professionals: Buddy understands the intricacies accountants and bookkeepers face. With features that streamline tasks and reduce errors, it's the trusted sidekick for professionals aiming for excellence.
Empowerment for Business Owners: For small business owners, Buddy offers the tools to take control of payroll without getting bogged down in complexities. And for those moments when expertise is needed, Buddy recommends partnering with a service provider, allowing you to focus on growing your business.
Seamless Integration with Xero: Buddy's integration with Xero is seamless, ensuring that payroll data flows effortlessly into your accounting system. This harmony between the two platforms ensures accuracy, compliance, and a unified view of your financial landscape.
User-Centric Design: At its core, Buddy is about simplicity. Its intuitive interface ensures that whether you're a seasoned accountant or a business owner new to payroll, the experience is smooth and user-friendly.
With Buddy, every aspect of payroll, from time tracking to final payment, is handled with precision, efficiency, and user-friendliness in mind. It's not just software; it's your payroll partner.
Buddy + Xero
Buddy + Xero: A Symphony of Payroll & Accounting
When Buddy integrates with Xero, it creates a seamless bridge between payroll management and accounting, ensuring that every financial aspect of your business is in harmony. This integration is designed to cater to both professionals who manage multiple clients and businesses that handle their own payroll.
Key Features of the Integration:
Unified Data Flow: With Buddy and Xero, there's no need for manual data entry. Process your payroll in Buddy, and with a click, send detailed invoices directly to Xero.
Automated Payroll Tax Bills: Stay compliant and timely with tax bills that are auto-generated with each payroll cycle inside Xero. These bills come with the correct due dates, ensuring you never miss a deadline.
Configurable Settings: The integration offers flexibility. Whether you want to map specific salary components to nominal codes in Xero or decide how payroll data is transferred, Buddy's settings have you covered.
Accuracy & Compliance: The integration ensures that your payroll data in Buddy perfectly aligns with your financial records in Xero. This not only ensures accuracy but also aids in regulatory compliance.
Consolidated or Itemized Billing: Depending on your preference, Buddy can send consolidated payroll data into Xero or itemized entries into individual bills. This flexibility ensures that reconciling your salary payments with bank statements is straightforward.
Enhanced Efficiency: The Buddy and Xero integration is more than just a data transfer tool. It's an efficiency enhancer. By automating many of the manual tasks associated with payroll and accounting, businesses and professionals can save valuable time, reduce errors, and focus on strategic decision-making.
Getting started
Integrating Buddy and Xero is a breeze:
Connect: In Buddy, go to "Company Settings", select the "Integrations" tab, and choose "Connect" next to Xero. Authorize the connection on Xero's page.
Configure: Adjust your integration settings in Buddy to match your preferences.
Sync & Send: In Buddy's "Payroll History", click "Send to XERO" for the desired pay period. Your data will then be available in Xero as draft invoices.
PS. If you are a new user, you can test the Xero connection on a free Demo account.
For businesses without in-house payroll expertise, consider working with a service provider for complex tasks, while you manage day-to-day operations like tracking holidays.
