All Collections
A2X COGS and Inventory
How to create a Cost of Goods Sold account and an Inventory Asset account in Xero
How to create a Cost of Goods Sold account and an Inventory Asset account in Xero

Cost of Goods Sold Setup - Xero

Iona Bird avatar
Written by Iona Bird
Updated over a week ago

General Ledger accounts are created in Xero by going to Accounting > Chart of Accounts

Next you will click on 'Add Account'

The Cost of Goods Sold account set up would generally look as follows. The Account Type is Direct Costs. The 'Code' can be assigned to run in sequence with your chart of accounts. The Name can be anything you would like to assign.
โ€‹

The Inventory Asset account set up would generally look as follows. The Account Type is Current Assets. The 'Code' can be assigned to run in sequence with your chart of accounts. The Name can be anything you would like to assign.

Once you have created the necessary accounts in Xero, you can return to A2X.ย 

Finally, go to A2X Settings > Connections and click the Refresh Xero Cache button to load the newly created accounts into A2X, so that you can map them in Settings > Cost Of Goods Sold.
โ€‹

Hint: If you are in chat and wish to view the article outside of the chat window, please click HERE

Did this answer your question?