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Ostendo System GL Accounts In Xero - Method 3
Apart from Income and COS accounts used for Sales Invoicing and Inventory Management, there are a number of Ostendo system accounts required in the Xero Chart Of Accounts for the purposes of processing Purchase Invoices, Sales Invoices and Customer Payments.
|
Cost Centre |
Xero GL Type |
Enable Payments |
Mapping |
|
BANK |
Current Asset |
N |
New GL Account Required - Ostendo Bank Clearing |
|
DEBTORS |
Current Asset |
N |
New GL Account Required Ostendo Trade Debtors - Do not use the Xero AR System Account |
|
UNAPPLIED PAYMENTS |
Current Asset |
N |
New GL Account Required |
|
UNAPPLIED DEPOSITS |
Current Liability |
N |
New GL Account Required |
|
UNDEPOSITED FUNDS |
Current Asset |
N |
New GL Account Required |
|
PURCHASE RECEIPTS |
Current Liability |
N |
New GL Account Required |
|
CREDITORS |
Current Liability |
N/A |
Use the Xero AP System Account |
|
FX GAIN OR LOSS |
Expense |
N |
New GL Account Required - Do not use the Xero Realised Currency Gains Account |