---
title: "Accounting"
slug: "accounting-overview"
status: "update"
updated: 2023-11-08T17:29:31Z
published: 2023-11-08T17:29:31Z
canonical: "help.nexudus.com/accounting-overview"
---

> ## Documentation Index
> Fetch the complete documentation index at: https://help.nexudus.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Accounting

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

:::(Info) (Planning on using our {{variable.Xero}} or {{variable.QuickBooks}} integration?)
Matching your {{variable.Nexudus}} setup with your chart of accounts in Xero or Quickbooks Online is a critical step to ensure errorless invoice transfers. 
:::

{{variable.MoreInformation}} [Chart of Accounts](/v3/docs/chart-of-accounts).


## Tax rates
Every {{variable.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 {{variable.customers}}. They automatically override any other tax rate that could have applied to the {{variable.customer}}'s purchases. 

{{variable.MoreInformation}} [Tax Rates](/v3/docs/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** 

{{variable.MoreInformation}} [Financial Accounts](/v3/docs/financial-accounts){target="_blank"}.