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Accounts

Accounts

To create a new account

  1. Go to Menu > Finance > Accounts > Create New Account. Your screen will look similar to this:

  2. Complete the relevant fields. Below is a description of each field:

Field

Description

Field

Description

Name

The name of the account. This should match the name of the account in your Chart of Accounts in your accounting software.

Code

The code of the account. This should match the code of the account in your Chart of Accounts in your accounting software.

School

This is the school that this Account refers to.

Tax Type

 Choose from the Tax Types that you have created. Make sure they match exactly with the name of the Tax in Xero.

Account Type

This is the type of the account - according to your Chart of Accounts. E.g. Liability, Asset, Income, Expense etc.

Government FQ (Financial Questionnaire) Item

This code is used by non-government schools to assist them with completion of the Government Financial Questionnaire

Description

Use this field to add any comments to help the user understand what this account is used for.

To edit an account once created, click Edit.

  1. Click Save.



 

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