How Xero maps BankLink accounts to Xero

Learn how Xero maps your BankLink Practice account information to Xero's chart of accounts. If you get errors when you import your BankLink accounts, this information will help you troubleshoot.

Code (BankLink: Account Code)

Your account code in BankLink becomes your account code in Xero. Change the account code in your BankLink CSV file before you import it into Xero if it doesn't meet these criteria:

  • The code is unique.
  • The code includes letters, numbers or symbols, up to 10 characters. You can use symbols within the code, but not at the start.

Name (BankLink: Account Description)

Your account description in BankLink becomes your account name in Xero. Change the account description in your BankLink CSV file before you import it into Xero if it doesn't meet these criteria:

  • The name is unique.
  • The name uses letters, numbers or symbols, up to 150 characters. You can use symbols within the name, but not at the start.
  • For bank accounts, the name has fewer than 30 characters so it fits on the Dashboard.

Type (BankLink: Account Group)

Xero uses the account type to determine where the account appears in your financial reports.

Components of an account in your Xero chart of accounts - Type

Don't change your BankLink account groups in your import file. Xero maps account groups automatically.

Xero maps BankLink account groups as follows:

BankLink account groupXero account type
DebtorsCurrent Assets
Cash on HandBank
Current AssetCurrent Assets
Stock on HandCurrent Assets
CreditorsCurrent Liabilities
Current LiabilityCurrent Liabilities
Closing StockDirect Costs
Direct ExpenseDirect Costs
Opening StockDirect Costs
PurchasesDirect Costs
GST Payable

Current Liabilities

All GST accounts in BankLink will be merged into Xero's GST account.

How Xero maps BankLink system accounts

GST Receivable

Current Liabilities

All GST accounts in BankLink will be merged into Xero's GST account.

How Xero maps BankLink system accounts

EquityEquity
ExpenseExpenses
Other ExpenseExpenses
Fixed AssetFixed Assets
Not ApplicableNo Xero equivalent - Xero won't import accounts with this account group. Change the account group before you export your BankLink file.
Unknown (CR)No Xero equivalent - Xero won't import accounts with this account group. Change the account group before you export your BankLink file.
Unknown (DR)No Xero equivalent - Xero won't import accounts with this account group. Change the account group before you export your BankLink file.
Other IncomeOther Income
Retained EarningsEquity
IncomeRevenue
Long Term LiabilityNon-current Liabilities

Tax rate (BankLink: GST Class)

Xero maps BankLink GST classes to Xero tax rates. If an account doesn't have a GST class, Xero imports the account with the rate No GST, which you can update later.

If you're using a practice solution other than MYOB Accountants Office, Xero won't recognise your GST classes. Rename the GST classes in your import file to the following BankLink GST classes so Xero imports them correctly.

If an account has a GST class in BankLink of Not Applicable or N Unallocated, Xero won't import the account. Change the GST class in the import file before you import it into Xero.

Components of an account in your chart of accounts - Tax rate

BankLink GST classXero tax rate
Not ApplicableAccounts with this GST class won't be imported into Xero.

I Expenditure

I Purchase

% GST Expenditure

15% GST on Expenses

O Income

O Sales

% GST Income

15% GST on Income

E Exempt

% Exempt

No GST

Z Zero Rated

% Zero Rated

Zero Rated
N UnallocatedAccounts with this GST class won't be imported into Xero.

System accounts (BankLink: System accounts)

Xero uses some accounts in the chart of accounts, called 'system accounts', for special purposes. There are some system accounts in Xero which don't have an equivalent in BankLink, for example, Unpaid Expense Claims and Historical Adjustment. Xero creates these system accounts when you import your BankLink file.

What are system accounts?

Here's how Xero maps BankLink's system accounts to Xero's system accounts:

BankLink system account nameXero system account nameXero system account typeXero system account tax rate

Accounts Receivable

Debtors

Accounts ReceivableCurrent AssetsNo GST

Accounts Payable

Creditors

Accounts PayableCurrent LiabilitiesNo GST
GSTGSTCurrent LiabilitiesNo GST
Retained EarningsRetained EarningsEquityNo GST