To create a new account:
|Tax Type||Choose from the Tax Types that you have created. Make sure they match exactly with the name of the Tax in Xero.|
|School||This is the school that this Account refers to.|
|Name||The name of the account. This should match the name of the account in your Chart of Accounts in your accounting software.|
|Description||Use this field to add any comments to help the user understand what this account is used for.|
|Code||The code of the account. This should match the code of the account in your Chart of Accounts in your accounting software.|
|Account Type||This is the type of the account – according to your Chart of Accounts. E.g. Liability, Asset, Income, Expense etc.|
To edit an account once created, click Edit.