Choose a chart of accounts

Your chart of accounts is the foundation of your accounting system. It's essentially the listing of all accounts you'll use to code each transaction. You can choose how you'd like to start off with your chart of accounts in Xero.

Choose a chart of accounts:

COA choose main

Choose COA main

Choose COA

Choose COA

Choose COA

Use the default chart of accounts already in Xero

You might want to choose this option if:

On the next screen of the Setup Guide you can make a list of accounts suitable for daily use in your business by:

Or leave the accounts just as they are.

Import a file containing your list of accounts

Xero offers some different options for importing your chart of accounts from somewhere else. The imported file will replace the default chart of accounts.

When you get to the next screen you'll be able to choose where your chart of accounts comes from:

Import file exported from another Xero organisation

If you have another organisation set up in Xero, you can export its chart of accounts as a CSV file and import it into this new organisation.

Export chart of accounts
Import a Xero chart of accounts

Import file based on Xero template format

Create your own chart of accounts in CSV format or adapt a chart of accounts you've used in another system and import it, as long as it's in the same format as a Xero chart of accounts.

Download one of these filesthis file as a starting point for creating your own chart of accounts file. They'reIt's based on the default chart of accounts.

Chart of accounts for a GST registered organisation
Chart of accounts for a non-GST registered organisation

Chart of accounts for a VAT registered organisation
Chart of accounts for a non-VAT registered organisation

Chart of accounts for a GST registered organisation (accounts have specific GST treatments)
Chart of accounts for a non-GST registered organisation (accounts are all BAS Excluded)

Xero chart of accounts file

Xero chart of accounts file

Import file from MYOB or BankLink

You can import a chart of accounts file that contains accounts you've exported from MYOB or BankLink.

Follow our guidelines to check your accounts before exporting them from MYOB or BankLink to make sure they're named and in a format Xero can support. Depending on how you've been managing your accounts up until now, this won't necessarily be a big deal - just things like ensuring accounts all have unique codes and names, and that for accounts you want to bring into Xero, they have account types that Xero understands.

Xero supports chart of accounts files exported from:

Importing an MYOB chart of accounts
Exporting your chart of accounts file from MYOB
Importing a BankLink chart of accounts
Exporting your chart of accounts file from BankLink

Keep the current chart of accounts

If you've come back to this screen from further along in the setup process, you can start over with your chart of accounts by choosing one of the options above, or keep the chart of accounts that you'd previously selected.