Mapping Accounts

To ensure accurate insights, we need to map your chart of accounts from Xero. In the next step, you’ll see a dropdown menu listing your Xero accounts. This configuration helps us tailor the insights specifically for your business needs. 

You can select one account or multiple accounts but ensure you pick up all of the accounts for each category. There are detailed descriptions below for each category.

Sales

These are the accounts that you use in your accounting system for selling your products or services. Exclude other revenue accounts like interest income, and other non operating income. We use this figure to track your sales targets so ensure you select every account you use to track sales.

Interest Expense

Select the accounts in your expenses that you use to allocate interest you have paid. If you have no accounts setup, leave it blank.

Income Tax Expense

Select the accounts in your expenses that you use for income tax that you have paid. If you have no accounts setup, leave it blank.

Depreciation

Select the accounts in your expenses that you use for depreciation (you may have multiple). If you have no accounts setup, leave it blank.

Amortisation

Select the accounts in your expenses that you use for amortisation (you may have multiple). If you have no accounts setup, leave it blank.

Advertising/Marketing Spend

Select the accounts in your expenses that you use for advertising and marketing (you may have multiple). You should include all accounts you use to get customers in a a specific period such as advertising and marketing including sales commissions, online advertising & SEO. If you have no accounts setup, leave it blank.

Cash

Select all of your business bank accounts.

GST/VAT

Select your GST/VAT Accounts. Depending on how your accounting software is configured you may have multiple. We use this figure to track your GST/VAT liabilities in the short term so you provide for them,

Payroll

Select your Payroll related liabilities. Include PAYG Withholding, Superannuation and other short term  payroll liabilities you wish to track. Depending on how your accounting software is configured you may have multiple.

Other Provisions

Select any other short term provisions you would like to track.

Provision Bank Account

Some businesses set up a specific bank account to ensure that they have enough cash on hand to pay for your short term liabilities. If you have a separate bank account setup, you can select it here. 

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