A chart of accounts (COA) is a list of all the accounts you must use to record financial transactions in your general ledger. It helps you keep track of where money comes from and goes. A chart of accounts is integral to your bookkeeping, accounting, and financial reporting. They’re li...
For bank accounts, this field must be No or left blank. Expense claims Specify if the account should appear in the drop-down list of accounts when entering an expense claim receipt. Enter only Yes or No. For bank accounts, this field must be No or left blank. Enable Payments Specify if...
The costs associated with shipping line items in your WooCommerce orders can be treated either as Revenue or Expenses. To avoid errors, this setting needs to match the account type as per your Xero Chart of Accounts. Treat Fees As The costs associated with any additional fee on your WooCommerc...
This step allows you to map which account from your Chart of Accounts (CoA) in Xero will be used for handling processing fees. The drop down list populates from all the available expense accounts in Xero. Helcim fees will be visible as a "Spent" transaction in your Helcim clearing accoun...
Chart of AccountsCustomers ListJobs ListVendors ListEmployees ListOther NamesItems ListAssembly BuildsNon-Inventory ItemsItem Sales TaxTerms ListTracking Categories** Transactions*InvoicesCustomer PaymentsCredit MemoSales ReceiptsBillsVendor CreditsVendor PaymentsChecksJournal EntriesItem ReceiptsInventory ...
When you complete importing the Chart of Accounts check that the Saasu list has every account you need by ticking it off against the Xero Trial balance report list of accounts. Note: Saasu converts Xero account types on import. Fixed Asset > Asset ...
Create chart of accounts templates to use for client accounts Set up practice staff with access to clientsGather client information Keep the work moving. Ask for what you need and send queries to all your clients and manage them in Xero HQ. Quickly compile client queries, send, and keep trac...
Foreign currency codes display in unpaid transactions, in unpaid or pending transaction lists, in the chart of accounts, and in the contacts screens. You can view today's exchange rate and current conversion total by clicking or hovering over the foreign currency code. In new invoicing, hover ...
Bank accounts Owner’s equity or shareholders’ equity account Account balances from your balance sheet and income statement accounts in your business chart of accountsFor more information on setting up Xero multicurrency accounting software with the upgraded Xero product, read this Xero multi...
Customers Owing the Most — list 141 Customers Owing the Most — pie chart 141 Mastering Basic Invoice Functions 141 Creating a new sales invoice 142 Accessing additional functionality in New invoice style 146 Saving, approving and cancelling invoices 147 ...