If you are a sole trader using Xero for your bookkeeping records then our integration will allow you to import your Profit & Loss report direct to the self employed pages of your tax return.
To save time we have mapped the default Xero headings to appropriate GoSimpleTax categories on the self employed page.
If your Xero heading is not in the list below then once the profit and loss report has been imported to GoSimpleTax you will be able to map the heading manually and if you desire save this mapping for future imports.
Please note that this feature is only available to Platinum Plan users.
Xero Code
Xero Heading
*Type
SIMPLETAX CATEGORY
200
Sales
Revenue
Sales
260
Other Revenue
Revenue
Sales
270
Interest Income
Revenue
Sales
310
Cost of Goods Sold
Direct Costs
Goods for resale
320
Direct Wages
Direct Costs
Direct production costs
325
Direct Expenses
Direct Costs
Direct production costs
400
Advertising & Marketing
Overhead
Other mediums
401
Audit & Accountancy fees
Overhead
Accountant fees
404
Bank Fees
Overhead
Bank charges
408
Cleaning
Overhead
Other office related expenses
412
Consulting
Overhead
Other professional fees
420
Entertainment-100% business
Overhead
Other mediums
424
Entertainment - 0%
Overhead
Other entertainment expenses
425
Postage, Freight & Courier
Overhead
Postage/stationary
429
General Expenses
Overhead
Other
433
Insurance
Overhead
Other professional fees
437
Interest Paid
Overhead
Interest on loans
441
Legal Expenses
Overhead
Other professional fees
445
Light, Power, Heating
Overhead
Heating
449
Motor Vehicle Expenses
Overhead
Other vehicle related expenses
457
Operating Lease Payments
Overhead
Other equipment
461
Printing & Stationery
Overhead
Postage/stationary
463
IT Software and Consumables
Overhead
Software
465
Rates
Overhead
Business rates
469
Rent
Overhead
Rent
473
Repairs & Maintenance
Overhead
Repairs & maintenance
477
Salaries
Overhead
Salaries & Wages
478
Directors' Remuneration
Overhead
Salaries & Wages
479
Employers National Insurance
Overhead
Salaries & Wages
480
Staff Training
Overhead
Other staff costs
482
Pensions Costs
Overhead
Pensions
483
Medical Insurance
Overhead
Benefits for staff/employee
485
Subscriptions
Overhead
Other professional fees
489
Telephone & Internet
Overhead
Phone & Fax
493
Travel - National
Overhead
Other travel-related expenses
494
Travel - International
Overhead
Other travel-related expenses
If you are a sole trader using Xero for your bookkeeping records then our integration will allow you to import your Profit & Loss report direct to the self employed pages of your tax return. To save time we have mapped the default Xero headings to ...
To connect to Xero you must first add a self employed page in GoSimpleTax, if you have not done this during your initial set up you can use the '+ NEW PAGE' button to create the page. Please note that you will be able to try this integration during ...
To connect to Xero you must first add a self employed page in GoSimpleTax, if you have not done this during your initial set up you can use the '+ NEW PAGE' button to create the page. Please note that you will be able to try this integration during ...