This is a closed beta test for selected companies.
Bokio now offers a payroll service. The aim for this is to simplify the process of running payroll for Directors who pay themselves a salary each month.
Before you agree to start using our payroll software we suggest that you review the functionality of this feature to make sure that it supports your needs.
What do we support?
- Enter and save employer details and HMRC credentials to support submissions.
- Adding employees that are directors, and have the tax code ending in L, that either starts either C, S or numbers and also the tax code BR.
- Running on a frequency monthly or annual payroll.
- Running a payroll with one pay component “Gross salary”.
- Automatically calculating payroll deduction for Income tax, student loan, employee National Insurance.
- Calculating amount due for employer National Insurance.
- Submitting RTI FPS.
- Recording payroll journal entry.
- Recording tax payment.
What do we not support now but plan to support in the near future?
- Editing employees.
- Adding employees that are not directors, and do not have a tax code ending in L, and doesn't start with either starts either C, S or numbers and is not the tax code BR.
- Producing actual payslips for employees.
- Marking employees as offboarded and issuing P45s.
- Editing a payroll after submission.
- Marking an FPS, as the final FPS of the year.
- Producing P60s.
What do we not support?
- Submit EPS
- Claiming employment allowance.
- Adding hourly pay, bonus or any other pay component than Gross salary.
- Adding employees that are not directors, and do not have a tax code ending in L, and doesn't start with either starts either C, S or numbers and is not the tax code BR.
- Any integration to auto enrolment or option to manually add pension deductions.
- Any deductions other than Income Tax, student loan and employee National Insurance.
- Payroll benefits.
- Assisting with the payment to HMRC or employees.