How-to add a nominal code in to Xero

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This short video explains how to add a nominal code / account code to Xero accounting software. Nominal codes are used for categorising overheads, sales and balance sheet items as required. The standard Xero accounts codes are: Sales / Income - 200 codes Cost of Sales - 300 codes Admin Overheads - 400 codes Corporation Tax & Dividends - 500 codes Current Assets - 600 codes Fixed Assets - 700 codes Current Liabilities - 800 codes Long Term Liabilities - 900 codes Equity - 900 codes If you have any queries and would like to talk to a Xero accountant please visit www.7accounts.com or call 0330 330 77 77. We have London accountants, Chichester accountants and Andover accountants