Xero Chart of Accounts explained

The chart of accounts is not mystical at all. Learn what the chart of accounts is, how it works in Xero, and how to add or edit accounts so it so your financial reports are clear and useful. Like 👍 and share if you enjoyed it! 🔥 videos: ⚡️ How to invite a user to Xero and set the right permissions    • How to invite a user to Xero and set the r...   ⚡️ How to merge duplicate contacts in Xero?    • How to merge duplicate contacts in Xero?   ⚡️How to reconcile a supplier refund in Xero    • How to reconcile a supplier refund in Xero   ⚡️Xero payroll setup explained (2026): a complete guide to Xero payroll    • Xero payroll setup explained (2026): a com...   ⚡️Bills vs Spend Money in Xero: the rule that keeps your records clean    • Bills vs Spend Money in Xero: the rule tha...   ⚡️How to set up repeating invoices in Xero    • How to set up repeating invoices in Xero ....   ⚡️Xero Tour for Beginners (2026): What You’re Looking At and How It All Fits Together    • Xero Tour for Beginners (2026): What You’r...   ⚡️ Xero Homepage: What Changed and What Deserves Your Attention on the New Dashboard    • Xero Homepage: What Changed and What Deser...   ⚡️ Xero Bank Accounts Explained: Add and connect business bank account    • Xero Bank Accounts Explained: Add and conn...   ⚡️ How to Manually Import Bank Statements into Xero    • How to Manually Import Bank Statements int...   ⚡️Invoicing in Xero: How to Create and Send Your First Invoice    • Invoicing in Xero: How to Create and Send ...   ——————— 🥁 Xero Payroll Course ——————— If you want to understand payroll in Xero properly, join the waitlist to get early access to my Xero Payroll course: https://www.bookkeepingtutor.com.au/x... ——————— ✅ XERO ——————— Get Xero with 90% off for 6 (!) months https://go.bookkeepingtutor.com.au/su... ——————— 📚 CHAPTERS ——————— 0:00 Intro 0:20 What is the Chart of accounts 2:02 Where is the Chart of accounts in Xero? 3:06 Account codes 5:29 Adding a new account 7:15 Editing an existing account 8:32 Summary ——————— Let's get social: Facebook:   / bookkeepingtutor   Instagram:   / bookkeepingtutor   Pinterest:   / bookkeepingtutor   Website: https://www.bookkeepingtutor.com.au Email: hello (at) bookkeepingtutor (dot) com (dot) au #xero #bookkeepingtutor #xerotips #xerochartofaccounts #chartofaccounts #xerosetup #smallbusinessbookkeeping #xerohowto #LearnXero #XeroTutorial #xeroforbeginners #xeroexplained The chart of accounts is the backbone of your accounting system, yet it's one of the most overlooked settings in a new file. In this video I explain what the chart of accounts is, where to find it in Xero. Also touch on the account codes and account types that are scary for most new users. I also walk you through adding a new account, editing an existing one. By the end, you'll know how to set up a chart of accounts that gives you reports you can rely on to make decisions. 🔔 Subscribe for more tutorials    / @thebookkeepingtutor   =========== DISCLAIMER: Please note that every effort has been made to ensure that the information provided in this video is accurate. You should note, however, that the information is intended as a guide only, providing an overview of the general information available. This video is not sponsored or endorsed by Xero. Some of the links above include affiliate links. If you click through and make a purchase from our partners, we may receive a commission at NO extra cost to you. It helps us provide Xero tutorials to you.