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Web POS | Example ClickPOS Account references mapping to Xero Chart of accounts

For each account reference in ClickPOS you need to have it mapped to three accounts in Xero:

  • A Sales account
  • A Purchases (Stock on Hand) account
  • A Cost of goods sold account

What most people do is have one stock on hand account for all of them to keep track of the stock level.

Generally there are multiple sales accounts, one or two purchase accounts and one Cost of Goods Sold account.

 An example chart of accounts might be:

  • Sales - Accessories
  • Sales – Services
  • Sales – Telstra Revenue
  • GST Free Sales
  • Freight

 

One Purchase(stock on hand) account

And one cost of goods sold account for all of them.

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