I use Manager for my business accounts and recently started working with a bookkeeper based in the UK. Before recording the first payments in Manager, I want to make sure I’m setting things up correctly.
The bookkeeper is employed through an EOR provider [moderated removed link as any Employment of Record provider could be used]. My understanding is that I only record the invoice/payment made to the EOR provider in Manager and categorize it as a payroll or staffing expense, while the provider handles all employee-related costs, such as salary, taxes, benefits, and compliance on their end.
Is that the correct way to account for it, or is there anything else I should be recording separately?