Accounting System Variables

Contents

To configure Accounting variables, on the navigational sidebar, select Setup.
Once the Setup section expands, select System Variables.
On the tabbed menu, select Accounting.

The page opens as follows:

Accounting Variables

The Accounting variables fall into the two groups, as follows:

The Accounts Receivable group displays the following information:

Accounts Receivable Information

Income Account for Contact Jobs	Click the icon and select the Xero income account for contact jobs.
Income Account for Speculative Jobs	Click the icon and select the Xero income account for speculative jobs.

The WIP group displays the following information:

WIP Group Information

Work in Progress (Asset Account)	Click the icon and select the Xero account for tracking Work in Progress. This account may be also referred as Asset Account.
Opening WIP (Cost Sales)	Click the icon and select the Xero account for opening WIP. This account may be also referred as Cost Sales.
Closing WIP (Cost of Sales)	Click the icon and select the Xero account for closing WIP. This account may be also referred as Cost of Sales.

To unlock the accounting parameters, click Modify. In the Authorization Required form, enter the authorization number and click Apply.
Once you click the icon, the Xero Chart of Accounts form opens.
In the form, select the appropriate Xero account that will be mapped to the current account in the system.
Click Select.

If you modify parameters, click Process to confirm modifications.

Updated on November 6, 2021