sblive Xero Guide

6. Add a non-bank nominal account here. 7. Add a bank account here. This process starts by selecting the name of your bank and then adding the account number and sort code. Doing so makes adding bank fees later easier. 8. If you already have a preferred format for your chart of accounts, you can import them. Please note that only 699 codes can be imported at once.

To edit an account, simply click on the name and the above box appears. 1. To monitor an important account, tick this box and it will appear on your dashboard. 2. The Show in Expense Claims option allows this code to be selected when staff members are entering their expenses. If an option isn’t appearing for them, it is best to first check whether this box has been ticked. 3. Enable payments to this account allows this nominal to act as a ghost bank account, paying off bills and receiving income. This is particularly useful for owner’s loan accounts.

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