- 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.
In chart of accounts, you can add or edit an account in your chart of accounts and export or print your chart of accounts.
To view individual transactions, click on the balance of each account.
Working with the chart of accounts and reports
The Account Code and Account Type group similar accounts together and determine how the accounts display on your financial reports.
You can customise report layouts and use tracking to compare different areas of your organisation.
If you’re keen to get started, you can edit the default chart of accounts to suit your business, or import your own.