Accounting
  • 08 Nov 2023
  • 1 Minute to read
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Accounting

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Article summary

Accounting covers everything you need to know about your chart of accounts, tax rates, and financial accounts in Nexudus.

Chart of accounts

Your chart of accounts is a map that defines the tax rate and the financial account assigned to every item you sell through Nexudus.

Planning on using our Xero or QuickBooks Online integration?

Matching your Nexudus setup with your chart of accounts in Xero or Quickbooks Online is a critical step to ensure errorless invoice transfers.

For more information, check out Chart of Accounts.

Tax rates

Every location can have one or more custom tax rates. You can also define a default tax rate that automatically applies when items you sell don't have a tax rate assigned to them.

Special tax rates are custom rates that only apply to specific customers. They automatically override any other tax rate that could have applied to the customer's purchases.

For more information, check out Tax Rates.

Financial accounts

Financial accounts help you categorize your space's revenue to get the most accurate revenue reports. Each financial account must be assigned one of the following types:

  • Payment
  • Sales
  • Deposits

For more information, check out Financial Accounts.


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