Prerequisites
Access to Xero
Step-by-Step Instructions
Access the Accounting Menu
Log in to Xero.
From the dashboard, select Accounting from the top menu.
Navigate to Advanced Settings
In the Accounting menu, select Advanced.
Open the Chart of Accounts
Click on Chart of Accounts to view your list of accounts.
Understand the Categories
The Chart of Accounts will be organized into the following categories:
Assets
Liabilities
Equity
Revenue
Expenses
Alternative Method: Using the Practice Menu
To view all your Chart of Accounts templates, select Chart of Accounts under the Practice menu.
Here, you can edit the template details and the accounts for any templates you’ve copied from an existing template.
FAQs
What is the purpose of the Chart of Accounts categories?
These categories help organize your accounts into sections that reflect the financial structure of your business, aiding in accurate financial reporting.
Can I customize the Chart of Accounts in Xero?
Yes, you can edit account details and modify templates to better fit your business needs