Answer
If you are using Lightning Payroll for the very first time, there are a couple of steps you will need to follow to get up and running.
Step 1. Add your Company
The first step is to add your Company into Lightning Payroll. Lightning Payroll does not limit the number of companies you can use in the software. To add a new company, simply click Entities >> Add new company on the top left of the Lightning Payroll window.
When adding a new company, you will need to enter your company name and ABN. You will also need to specify whether your pay period is weekly, fortnightly or monthly and specify which day of the week your pay period ends on.
Step 2. Add your Employees
The next step is to add your Employees into Lightning Payroll.
Before you get started, it is recommended you collect the following information from your employees:
- Tax File Number (TFN)
- Bank account details (BSB, account name, account number)
- Super fund details (fund USI and employee's member number)
Below are some links which you may find helpful when a new employee starts working for you:
- New Employee Basic Information Sheet (PDF, Word Doc)
- ATO Super Choice (Nomination) Form
- ATO Tax File Declaration Form
- Fair Work information Statement
To add a new employee, go into Lightning Payroll and click Employees >> Actions >> New Employee.
This will bring up the new employee assistant. Follow the prompts to fill out the employee's details. If you don't have all the available information now, you will still be able to add it to the employee's profile later.
NOTE: If the employee does not yet have a TFN, the ATO has more information about placeholder TFNs here.
You can also watch our short tutorial video on the company and employee setup process.
