CodeName Type

200 Sales Revenue

260 Other Revenue Revenue
270 Interest Income Revenue
310 Cost of Goods Sold Direct Costs
320 Direct Wages Direct Costs
325 Direct Expenses Direct Costs
400 Advertising & Marketing Overhead
401 Audit & Accountancy fees Overhead
404 Bank Fees Overhead
408 Cleaning Overhead
412 Consulting Overhead
416 Depreciation Expense Overhead
418 Charitable and Political Donations Overhead
420 Entertainment-100% business Overhead
424 Entertainment - 0% Overhead
425 Postage, Freight & Courier Overhead
429 General Expenses Overhead
433 Insurance Overhead
437 Interest Paid Overhead
441 Legal Expenses Overhead
445 Light, Power, Heating Overhead
449 Motor Vehicle Expenses Overhead
457 Operating Lease Payments Overhead
461 Printing & Stationery Overhead
463 IT Software and Consumables Overhead
465 Rates Overhead
466 Recruitment Advertising Overhead
469 Rent Overhead
473 Repairs & Maintenance Overhead
477 Salaries Overhead
478 Directors' Remuneration Overhead
479 Employers National Insurance Overhead
480 Staff Training Overhead
482 Pensions Costs Overhead
486 Promotional Publishing Overhead
446 Awards Expenses Overhead
483 Medical Insurance Overhead
485 Subscriptions Overhead
489 Telephone & Internet Overhead
493 Travel - National Overhead
494 Travel - International Overhead
495 Volunteer Miscellaneous Expenses Overhead
500 Corporation Tax Overhead
610 Accounts Receivable Accounts Receivable
611 Less Provision for Doubtful Debts Current Asset
620 Prepayments Current Asset
630 Inventory Inventory
710 Office Equipment Fixed Asset
711 Less Accumulated Depreciation on Office Equipment Fixed Asset
720 Computer Equipment Fixed Asset
721 Less Accumulated Depreciation on Computer Equipment Fixed Asset
740 Buildings Fixed Asset
741 Less Accumulated Depreciation on Buildings Fixed Asset
742 R & M Office Equipment Fixed Asset
750 Leasehold Improvements Fixed Asset
751 Less Accumulated Depreciation on Leasehold Improvements Fixed Asset
760 Motor Vehicles Fixed Asset
761 Less Accumulated Depreciation on Motor Vehicles Fixed Asset
764 Plant and Machinery Fixed Asset
765 Less Accumulated Depreciation on Plant and Machinery Fixed Asset
770 Intangibles Fixed Asset
771 Less Accumulated Amortisation on Intangibles Fixed Asset
800 Accounts Payable Accounts Payable
801 Unpaid Expense Claims Unpaid Expense Claims
805 Accruals Current Liability
810 Income in Advance Current Liability
811 Credit Card Control Account Current Liability
814 Wages Payable - Payroll Current Liability
815 Employee contribution to benefits Current Liability
820 VAT VAT
825 PAYE Payable Current Liability
826 NIC Payable Current Liability
830 Provision for Corporation Tax Current Liability
835 Directors' Loan Account Current Liability
840 Historical Adjustment Historical
850 Suspense Current Liability
858 Pensions Payable Current Liability
860 Rounding Rounding
868 Earnings Orders Payable Current Liability
877 Tracking Transfers Tracking
900 Loan Non-current Liability
910 Hire Purchase Loan Non-current Liability
920 Deferred Tax Non-current Liability
947 Student Loan Deductions Payable Current Liability
950 Capital - x,xxx Ordinary Shares Equity
960 Retained Earnings Retained Earnings
970 Owner A Funds Introduced Equity
980 Owner A Drawings Equity
Tax Code
20% (VAT on Income)
20% (VAT on Income)
No VAT
20% (VAT on Expenses)
No VAT
20% (VAT on Expenses)
20% (VAT on Expenses)
20% (VAT on Expenses)
No VAT
20% (VAT on Expenses)
20% (VAT on Expenses)
No VAT
No VAT
20% (VAT on Expenses)
No VAT
Exempt Expenses
20% (VAT on Expenses)
Exempt Expenses
No VAT
20% (VAT on Expenses)
5% (VAT on Expenses)
20% (VAT on Expenses)
20% (VAT on Expenses)
20% (VAT on Expenses)
20% (VAT on Expenses)
20% (VAT on Expenses)
20% (VAT on Expenses)
20% (VAT on Expenses)
20% (VAT on Expenses)
No VAT
No VAT
No VAT
20% (VAT on Expenses)
No VAT
No VAT
5% (VAT on Expenses)
Exempt Expenses
Exempt Expenses
20% (VAT on Expenses)
20% (VAT on Expenses)
No VAT
No VAT
No VAT
No VAT
No VAT
No VAT
No VAT
20% (VAT on Expenses)
No VAT
20% (VAT on Expenses)
No VAT
20% (VAT on Expenses)
No VAT
No VAT
20% (VAT on Expenses)
No VAT
20% (VAT on Expenses)
No VAT
20% (VAT on Expenses)
No VAT
20% (VAT on Expenses)
No VAT
No VAT
No VAT
No VAT
20% (VAT on Income)
No VAT
No VAT
No VAT
No VAT
No VAT
No VAT
No VAT
No VAT
No VAT
No VAT
No VAT
No VAT
No VAT
No VAT
No VAT
No VAT
No VAT
No VAT
No VAT
No VAT
No VAT
No VAT
Description
Income from any normal business activity
Any other income that does not relate to normal business activity and is not recurring
Gross interest income
Cost of goods sold by the business
Payment of wages/salary to an employee whose work can be directly linked to the product or service
Expenses incurred that relate directly to earning revenue
Expenses incurred for advertising and marketing
Expenses incurred relating to accounting and audit fees
Fees charged by your bank for transactions regarding your bank account(s)
Expenses incurred for cleaning business property
Payments made to consultants
The amount of the asset's cost (based on the useful life) that was consumed during the period
Payments made to charities or political organisations or events
Expenses incurred on entertainment by the business that for income tax purposes are fully deductable
Expenses incurred on entertainment by the business that for income tax purposes are not fully deductable
Expenses incurred by the entity on postage, freight & courier costs
Expenses incurred that relate to the general running of the business
Expenses incurred for insuring the business' assets
Interest paid on a business bank account or credit card account
Expenses incurred on any legal matters
Expenses incurred for lighting, power or heating the business premises
Expenses incurred on the running of business motor vehicles
Expenses incurred on operating expenses such as office rental and vehicle leases (excludes hire purchase agreements)
Expenses incurred on printing and stationery
Expenses incurred on software or computer consumables
Payments made to local council for rates
Advertising costs related to recruitment of candidates -UNL employment.
Payments made to lease a building or area
Expenses incurred on a damaged or run down asset that will bring the asset back to its original condition
Payment to employees in exchange for their resources
Payments to company directors in exchange for their resources
Payment made for National Insurance contributions - business contribution only
Expenses incurred in relation to training staff
Payments made to pension schemes
Cost of publishing, printing, and other media related services for advertising related to the promotion of University activities, p
Goods purchased as part of an approved University awards program. Includes student and faculty/staff awards for outstandin
student and faculty/staff awards for outstanding performance or in recognition of merit
or longevity in service.
Expenses incurred from any business-related phone calls, phone lines, or internet connections
Expenses incurred from any domestic business travel
Expenses incurred from any international business travel
IQSC&M to reimburse museum volunteers for purchases.
Tax payable on business profits
Invoices the business has issued but has not yet collected payment on
A provision anticipating that a portion of accounts receivable will never be collected
An expenditure that has been paid for in advance
Value of tracked items for resale.
Office equipment that is owned and controlled by the business
The total amount of office equipment costs that has been consumed by the business (based on the useful life)
Computer equipment that is owned and controlled by the business
The total amount of computer equipment costs that has been consumed by the business (based on the useful life)
Buildings that are owned and controlled by the business
The total amount of buildings costs that have been consumed by the business (based on the useful life)
Repair and maintenance services for office machines, furniture, copying machines and other office equipment.
The value added to the leased premises via improvements
The total amount of leasehold improvement costs that has been consumed by the business (based on the useful life)
Motor vehicles that are owned and controlled by the business
The total amount of motor vehicle costs that has been consumed by the business (based on the useful life)
Plant and machinery that are owned and controlled by the business
The total amount of plant and machinery cost that has been consumed by the business (based on the useful life)
Assets with no physical presence e.g. goodwill or patents
The total amount of intangibles that have been consumed by the business
Invoices the company has received from suppliers but have not made payment on
Expense claims typically made by employees/shareholder employees which the business has not made payment on
Any services the business has received but have not yet been invoiced for e.g. Accountancy Fees
Any income the business has received but have not provided the goods or services for
The amount owing on the company's credit cards
Where this account is set as the nominated Wages Payable account within Payroll Settings, Xero allocates the net wage amoun
Payroll deductions for employee contributions towards payrolled benefits in kind
The balance in this account represents VAT owing to or from the HMRC. At the end of the VAT period, it is this account that sh
The Amount of PAYE tax due to be paid to the HMRC
The amount of a business' portion of National Insurance Contribution that is due to be paid to the HMRC
Corporation tax payable to the HMRC
Monies owed to or from company directors
For any accounting and starting balance adjustments
A clearing account
Payroll pension payable account
An adjustment entry to allow for rounding
Payroll earnings order account
Transfers between tracking categories
Any money that has been borrowed from a creditor
Any goods bought through hire purchase agreements
Used if there is a timing difference between taxable profits and accounting profits
Payroll student loan deductions payable account
Paid up capital
Do not Use
Funds contributed by the owner
Withdrawals by the owners
Dashboard Expense Claims Enable Payments Balance
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No

No No No
No No No
No No No
No No No
No No No
No No No
No No No

No No No
No No No
No No No
No No No
No No No

No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No

No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No No
No No Yes
No No Yes