Opening balances allow you to transfer your employee's year-to-date or previous financial year earnings and entitlements, from your previous payroll platform over to the Employment Hero Payroll classic platform. Thereby, creating a seamless transfer of your employee data when migrating over to our payroll classic platform.
The Opening Balances feature allows you to import in bulk your employee's opening balances and export this information if needed. You can also use this feature to configure the initial financial year for your business. The video below explains how to manage your opening balance settings and export opening balances. For information on how to complete the export file, refer to this article.
Important
If you are a HR+PY connected client, from October 2023, you will be notified about our new integrated feature where HR will be your source of truth for all Leave settings. If you have been migrated to the new platform, then the article you need for leave management is: How do I manage leave? | HR Platform.
Watch the training video
Read step-by-step articles
We have listed below some additional articles you can read on this topic:
- Importing and exporting opening balances
- Employee opening earning balances - Payroll Web Platform
- Employee opening leave balances - Payroll Web Platform
- How do I download my opening balance data - Payroll | FAQ
FAQs
I am moving to Employment Hero Payroll from another software provider. Can I bring over my employee's balances?
Yes, absolutely! You can do this by entering or importing employee Opening Balances, but you will first need to establish the Initial Financial Year via the Payroll Settings. To read more information on this process, you can refer to the Importing and Exporting Opening Balances article.