Setup my organisations business details | Payroll Web Platform

Overview

As a business, you will constantly undergo changes that could be just be a simple phone number change right through to updating your business name and legal entity. These changes form a natural part of managing a business because as you grow, expand and diversify, your organisation will need to change to meet these new conditions

You can use the Business Details feature to update your organisational information stored within the payroll platform. The platform will reflect theses changes you made in the business details section throughout the entire payroll platform.

Availability

Payroll Plan:   Standard   Premium

Maintain

The below premise will walk you through how to edit your organisation's business details.

Edit business details
  1. Log into your Employment Hero Payroll platform.
  2. Click the   Business Settings menu.
  3. Click the Payroll Settings submenu.
  4. Click the   Details button.
  5. Complete the following fields:
    • Business name.

      Important

      The Business Name is a required field that the platform uses as your display name and allows Employment Hero to identify your organisation.

    • Legal name.

      Important

      This is the name that appears on your employees’ payslips.

    • CRN.
    • Postcode/Town.
    • Address line 1.
    • Address line 2.
    • Contact name.

      Helpful Tip

      This is the name that will appear in the notifications sent from the platform.

    • Contact email address.

      Helpful Tip

      This is the email address that will appear in the notifications sent from the platform.

    • Contact phone number.
    • Contact fax number.
    • Standard hours per day.

      Important

      The standard hours per day field is a required field with the payroll platform using this information to auto-populate leave requests.

    • Work week.
    • Leave Calculation method: This is either the 365/366 or the 260/261 method. Please see Further information for the the 360 and 260 full time and part time calculations respectively.
    • Allow SMS notifications.
    • Click the Save button.
      Details__UK__1.jpg

Further Information

The 365/366 full time & part time calculations.

Calc Type Scenario Expected Calc

356/366

FT

Full year

Leave year 1 Jan - 31 Dec

Leave entitlement: 20 Days (Excl BH)

Standard Weekly work hours: 37.5

FTE: 37.5

Start Date 1st Jan 2023

((365/365)*20)/(37.5/37.5)=20 days

356/366

PT

Full year

Leave year 1 Jan - 31 Dec

Leave entitlement: 20 Days (Excl BH)

Standard Weekly work hours: 20

FTE: 37.5

Start Date 1st Jan 2023

((365/365)*20)/(20/37.5)=10.66 days

The 260/261 full time & part time calculations.

Calc Type Scenario Expected Calc

260/261

FT

Full Year

Leave year 1 Jan - 31 Dec

Leave entitlement: 20 Days (Excl BH)

Standard Weekly work hours: 37.5

FTE: 37.5

Start Date 1st Jan 2023

((260/260)*20)/(37.5/37.5)=20 days

260/261

PT

Full Year

Leave year 1 Jan - 31 Dec

Leave entitlement: 20 Days (Excl BH)

Standard Weekly work hours: 20

FTE: 37.5

Start Date 1st Jan 2023

((260/260)*20)/(20/37.5)=10.66 days

 

Author recommended

So you have now updated your business details and you are now wondering what next can I do. There are two recommendations I would make on this front and they are:

  • Payroll Platform: Pension Settings This feature is where set up your workplace pensions details, such as your staging date and re-enrollment dates and whether to sync with an existing pension provider or add your pension scheme and contribution plans manually to the platform.
  • Payroll Platform: Setup BACs and HRMC Payment Files This allows you to set up your organisation's BACs and HRMC payment file details, such as the account name and number, and the financial institution code.
Was this article helpful?
0 out of 0 found this helpful

Comments

0 comments

Please sign in to leave a comment.