Accounts

To create a new account:

  1. Go to Menu > Finance > Accounts > Create New Account. Your screen will look similar to this:
  1. Complete the relevant fields. Below is a description of each field:
FieldDescription
Tax Type Choose from the Tax Types that you have created. Make sure they match exactly with the name of the Tax in Xero.
SchoolThis is the school that this Account refers to.
NameThe name of the account. This should match the name of the account in your Chart of Accounts in your accounting software.
DescriptionUse this field to add any comments to help the user understand what this account is used for.
CodeThe code of the account. This should match the code of the account in your Chart of Accounts in your accounting software.
Account TypeThis 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.

  1. Click Save.