Chart of accounts and rules
The chart follows Xero's default Australian one. Your own rules are tried first, then the shared ones in priority order; the first whose text appears in the bank description wins. A shared income rule is skipped when the money went out (and the reverse).
Rules
| Whose | Priority | Description contains | Account | Tax rate |
|---|---|---|---|---|
| Shared | 10 | SQUARE | 200 Sales | GST on Income |
| Shared | 20 | STRIPE | 200 Sales | GST on Income |
| Shared | 30 | UBER EATS | 200 Sales | GST on Income |
| Shared | 40 | INTEREST | 270 Interest Income | GST Free Income |
| Shared | 50 | ACCOUNT FEE | 404 Bank Fees | GST Free Expenses |
| Shared | 60 | MERCHANT FEE | 404 Bank Fees | GST Free Expenses |
| Shared | 70 | BIDFOOD | 310 Cost of Goods Sold | GST Free Expenses |
| Shared | 80 | COFFEE SUPPLY | 310 Cost of Goods Sold | GST Free Expenses |
| Shared | 90 | ORIGIN ENERGY | 445 Light, Power, Heating | GST on Expenses |
| Shared | 100 | TELSTRA | 489 Telephone & Internet | GST on Expenses |
| Shared | 110 | XERO | 485 Subscriptions | GST on Expenses |
| Shared | 120 | PROPERTY RENT | 469 Rent | GST on Expenses |
| Shared | 130 | AMPOL | 449 Motor Vehicle Expenses | GST on Expenses |
| Shared | 140 | OFFICEWORKS | 453 Office Expenses | GST on Expenses |
| Shared | 150 | CLEANING | 408 Cleaning | GST on Expenses |
| Shared | 160 | PAYROLL | 477 Wages and Salaries | BAS Excluded |
| Shared | 170 | SUPER | 478 Superannuation | BAS Excluded |
| Shared | 180 | ALLIANZ | 433 Insurance | GST on Expenses |
| Shared | 190 | FACEBK | 400 Advertising | GST on Expenses |
| Shared | 200 | AUSPOST | 425 Freight & Courier | GST on Expenses |
Accounts
| Code | Name | Type | Usual tax rate |
|---|---|---|---|
| 090 | Business Bank Account | Bank | BAS Excluded |
| 200 | Sales | Revenue | GST on Income |
| 260 | Other Revenue | Revenue | GST on Income |
| 270 | Interest Income | Revenue | GST Free Income |
| 300 | Purchases | Direct Costs | GST on Expenses |
| 310 | Cost of Goods Sold | Direct Costs | GST on Expenses |
| 400 | Advertising | Expense | GST on Expenses |
| 404 | Bank Fees | Expense | GST Free Expenses |
| 408 | Cleaning | Expense | GST on Expenses |
| 412 | Consulting & Accounting | Expense | GST on Expenses |
| 420 | Entertainment | Expense | GST on Expenses |
| 425 | Freight & Courier | Expense | GST on Expenses |
| 429 | General Expenses | Expense | GST on Expenses |
| 433 | Insurance | Expense | GST on Expenses |
| 445 | Light, Power, Heating | Expense | GST on Expenses |
| 449 | Motor Vehicle Expenses | Expense | GST on Expenses |
| 453 | Office Expenses | Expense | GST on Expenses |
| 469 | Rent | Expense | GST on Expenses |
| 473 | Repairs and Maintenance | Expense | GST on Expenses |
| 477 | Wages and Salaries | Expense | BAS Excluded |
| 478 | Superannuation | Expense | BAS Excluded |
| 485 | Subscriptions | Expense | GST on Expenses |
| 489 | Telephone & Internet | Expense | GST on Expenses |
| 493 | Travel - National | Expense | GST on Expenses |
| 710 | Office Equipment | Fixed Asset | GST on Expenses |
| 720 | Computer Equipment | Fixed Asset | GST on Expenses |
| 800 | Accounts Payable | Current Liability | BAS Excluded |
| 820 | GST | Current Liability | BAS Excluded |
| 825 | PAYG Withholdings Payable | Current Liability | BAS Excluded |
| 840 | Historical Adjustment | Current Liability | BAS Excluded |
| 877 | Tracking Transfers | Current Liability | BAS Excluded |
| 880 | Owner A Drawings | Equity | BAS Excluded |
| 881 | Owner A Funds Introduced | Equity | BAS Excluded |
| 900 | Loan | Non-current Liability | BAS Excluded |