Opening balances allows you to transfer your employee entitlement information, from your previous payroll platform over to your Employment Hero Payroll platform. Thereby creating a seamless transfer of your employee entitlement data when migrating over to our payroll platform.
The Opening Balances feature allows to import in bulk your employee's opening balances and export this information if needed as well. You can also use this feature to configure your organisations initial basis period to suit your business needs.
Availability
| Payroll Plan: | Essentials | Standard | Premium |
Getting started
The below premise will walk you through how to add your organisation's initial basis period.
- Click the Business Settings menu.
- Click the Payroll Settings submenu.
- Click the Opening Balances button.
- Select the Initial Basis Period from the Basis Period drop-down box.
- Click the Save button.
Data Management
The below will walk you through how to import and export your organisation's opening balances.
- Click the Business Settings menu.
- Click the Payroll Settings submenu.
- Click the Opening Balances button.
- Click the Export button.
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Choose from the following data type customisations:
- Template with employee data.
- Template with employee data (Including terminated employees).
- Empty template.
- Select from the following file formats:
- XLSX.
- CSV.
- Click the Download button.
- Click the Business Settings menu.
- Click the Payroll Settings submenu.
- Click the Opening Balances button.
- Click the Import button.
- Click the Select File button.
- Click the Confirm Upload button.
Helpful Hint
After the importing process finishes, a summary appears on your screen outlining what data successfully uploaded and what errors occurred.
Explore related content
- Payroll platform opening balances: Employee leave balances This feature allows you to select an employee file and enter their accrued Year to Date (YTD) leave balances.
- Payroll platform opening balances: Employee earnings This feature allows you to select an employee file and enter their existing Year to Date (YTD) earning amounts.
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