- The chart of accounts is the list of all accounts your organisation can use to record your transactions in Xero.
- It helps you classify your transactions correctly, and generate meaningful reports to help you run your business better.
- Xero assigns a default chart of accounts when you set up your organisation, but if you prefer, you can import a chart of accounts from your previous accounting system, or your own custom chart.
About the chart of accounts
The Xero chart of accounts has a flat structure designed to suit a small business.
To view your chart of accounts, in the Accounting menu, select Advanced, then click Chart of accounts.