- Home
- SPFR in Xero
- Clean up an existing Xero
-
XYZ & GPFR in Xero
- XYZ & GPFR In Xero Checklist
- XYZ Model Financial Accounts & Checkpoint
- GPFR Refresher
- GPFR in Xero Set Up
- Use Your GPFR In Xero System
- Structure
- Revenue
- Retentions, Receivables & Payables
- Provisions & Employee Benefits
- Inventory & Work In Progress
- Intangible Assets
- Related Parties & Key Management Personnel
- Property, Plant & Equipment
- Deferred Tax & Tax Effect Accounting
- Leases & Right Of Use Assets
- Cash Flow
- Changes in Equity
- Consolidations & Group Reporting
- Audit & Lodgement
-
Example Reports
-
AASB 1060 Tier 2 Resources
-
Conversions, Guides, Systems & Checklists
-
SPFR in Xero
-
I want a GPFR prepared
How does Xeros' chart of accounts work
Ensure you understand the differences between Xero and other software
The most important items to remember are:
- Your clients can add / edit / archive / delete accounts - You have NO control over that, so you will need to check accounts added by your clients
- The account number has NO effect on these reports - some incumbent software are separated into code ranges, which determine category. EG 0575 in Handiledger is "Interest Received".
- Xero displays alphabetically, so contra accounts can be an issue, see other article on best practice.
- You can't have the same account name, Xero will not allow that.
- You can have the same reporting name, see other article on best practice.
- You have a very limited choice in account types, you can drill deep into types such as goodwill, related parties, amortisation, taxation, secured loans, drawings, grants income, director loans, etc (Report codes determine this)