What is the Chart of Accounts?
Your chart of accounts is the structure that lets you match every item you sell to a financial account and tax rates. You access your chart of accounts page via Settings > Invoices and tax > Chart on the Admin Panel.
Why Set up Your Chart of Accounts?
Setting up your chart of accounts is a crucial step if you plan on using one of our accounting integrations.
Every time you transfer invoices to an integrated accounting platform, Nexudus tries to match each invoiced item to a financial account in your accounting system. If invoiced items aren't assigned a financial account or your accounts don't match, the invoice transfer fails.
Setting up your chart of accounts is also a great way to keep your accounting in order through Nexudus and get the most accurate revenue reports.
Chart of Accounts Sections
You can access your chart of accounts via Settings > Invoices and tax > Chart. Your chart of accounts lets you assign accounts and tax rates to the following items:
- Products
- Plans
- Resources
- Tickets
- Passes
