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 |