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Xero Tip Of The Month July 2017 - Tailored Account Codes In Xero

A new expense? A new loan? – There’s a code for that!

For many of us, our businesses can be fairly unique and on occasion we might need some element of customisation to make managing them that little bit easier. With this in mind, often standard chart of account codes does not suffice.

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In Xero it is extremely easy to tailor your own chart of accounts to exactly how you need them. Be it an expense code for a new cost not previously incurred, or even taking out a new loan and naming it so it is easily identifiable when creating new transactions.

Either of these can significantly speed up your bookkeeping and allows for ultimate organisation of your financial information.




Amending the chart of accounts for a new business, or even businesses already on their Xero journey can seem like an intimidating task, particularly when there is a large number of codes required for optimum customisation. This may be setting up from scratch, or even importing from another accounting system while carrying out a conversion.

Xero makes this process extremely easy with the ability to export the chart off accounts as a .CSV file and allow for mass manipulation. Here you can edit the account type (Income/Expense) and even the default Tax rate for cash coding from the bank. Then simply re-import these back into Xero and you are all set.

Better still, should you want to keep a close eye on a particular account, Xero allows you to add any code, be it revenue, expenses or even banks to the dashboard so they are always visible whenever you need them.




Why not tailor your Xero to the unique requirements of your business, and reap the rewards. Greater clarity on financial reporting, increased organisation and greater working efficiency allowing you more time to do what you do best, running your business.


See all the Xero features that can help you run your business beautifully at Xero.com/features


Previous Tips

June 2017 – Payment Types In Xero

May 2017 – Inventory Items In Xero

April 2017 – Xero’s Inbuilt Calculator

March 2017 – Expense Claims In Xero

February 2017 – Customise The Dashboard In Xero

January 2017 – Customisable New Reports In Xero

December 2016 – Email Templates In Xero

November 2016 – Bank Rules In Xero

October 2016 – Smart Lists In Xero

September 2016 – Files in Xero

August 2016 – Direct Bank Feeds In Xero

July 2016 – Managing Bills and Purchases in Xero

June 2016 – Shortcuts In Xero

May 2016 – Email Integration

April 2016 – Recurring Sales Invoices

March 2016 – Two Step Authentication

February 2016 – Xero Search

January 2016 – File Storage in Xero

December 2015 – Invoice Reminders

November 2015 – Xero on the go, with Xero Touch

October 2015 – Invoice Payment Terms

September 2015 – Sales Invoice Customisation

August 2015 – Business Performance Review

July 2015 – Cash Coding In Xero

June 2015 – Xero to Xero Billing

May 2015 – Find and Recode

April 2015 – Online Invoicing