Here is a list of nominal codes for Xero, taken from the default chart of accounts. It includes the codes in a range of categories including Equity, Retained Earnings, Non-current liability, Tracking, Rounding, Current Liability, Accounts Payable, Current Asset, Current Liability, Direct Costs, Fixed Asset, Historical, Inventory, Overhead, Revenue, Unpaid Expense Claims and VAT.
| *Code | *Name | *Type | *Tax Code |
| Direct Debit – GBP | Bank | No VAT | |
| Business Account | Bank | No VAT | |
| 200 | Sales | Revenue | 20% (VAT on Income) |
| 260 | Other Revenue | Revenue | 20% (VAT on Income) |
| 270 | Interest Income | Revenue | No VAT |
| 310 | Cost of Goods Sold | Direct Costs | 20% (VAT on Expenses) |
| 320 | Direct Wages | Direct Costs | No VAT |
| 325 | Direct Expenses | Direct Costs | 20% (VAT on Expenses) |
| 400 | Advertising & Marketing | Overhead | 20% (VAT on Expenses) |
| 401 | Audit & Accountancy fees | Overhead | 20% (VAT on Expenses) |
| 404 | Bank Fees | Overhead | No VAT |
| 408 | Cleaning | Overhead | 20% (VAT on Expenses) |
| 412 | Consulting | Overhead | 20% (VAT on Expenses) |
| 416 | Depreciation Expense | Overhead | No VAT |
| 418 | Charitable and Political Donations | Overhead | No VAT |
| 420 | Entertainment-100% business | Overhead | 20% (VAT on Expenses) |
| 424 | Entertainment – 0% | Overhead | No VAT |
| 425 | Postage, Freight & Courier | Overhead | Exempt Expenses |
| 429 | General Expenses | Overhead | 20% (VAT on Expenses) |
| 433 | Insurance | Overhead | Exempt Expenses |
| 437 | Interest Paid | Overhead | No VAT |
| 441 | Legal Expenses | Overhead | 20% (VAT on Expenses) |
| 445 | Light, Power, Heating | Overhead | 5% (VAT on Expenses) |
| 449 | Motor Vehicle Expenses | Overhead | 20% (VAT on Expenses) |
| 457 | Operating Lease Payments | Overhead | 20% (VAT on Expenses) |
| 461 | Printing & Stationery | Overhead | 20% (VAT on Expenses) |
| 463 | Domain, Apps & Software Expenses | Overhead | 20% (VAT on Expenses) |
| 465 | Rates | Overhead | 20% (VAT on Expenses) |
| 469 | Rent | Overhead | 20% (VAT on Expenses) |
| 473 | Repairs & Maintenance | Overhead | 20% (VAT on Expenses) |
| 477 | Salaries | Overhead | No VAT |
| 478 | Directors’ Remuneration | Overhead | No VAT |
| 479 | Employers National Insurance | Overhead | No VAT |
| 480 | Staff Training | Overhead | 20% (VAT on Expenses) |
| 482 | Pensions Costs | Overhead | No VAT |
| 483 | Medical Insurance | Overhead | Exempt Expenses |
| 485 | Subscriptions | Overhead | Exempt Expenses |
| 489 | Telephone & Internet | Overhead | 20% (VAT on Expenses) |
| 493 | Travel – National | Overhead | 20% (VAT on Expenses) |
| 494 | Travel – International | Overhead | No VAT |
| 500 | Corporation Tax | Overhead | No VAT |
| 610 | Accounts Receivable | Accounts Receivable | No VAT |
| 611 | Less Provision for Doubtful Debts | Current Asset | No VAT |
| 620 | Prepayments | Current Asset | No VAT |
| 630 | Inventory | Inventory | No VAT |
| 710 | Office Equipment | Fixed Asset | 20% (VAT on Expenses) |
| 711 | Less Accumulated Depreciation on Office Equipment | Fixed Asset | No VAT |
| 720 | Computer Equipment | Fixed Asset | 20% (VAT on Expenses) |
| 721 | Less Accumulated Depreciation on Computer Equipment | Fixed Asset | No VAT |
| 740 | Buildings | Fixed Asset | 20% (VAT on Expenses) |
| 741 | Less Accumulated Depreciation on Buildings | Fixed Asset | No VAT |
| 750 | Leasehold Improvements | Fixed Asset | 20% (VAT on Expenses) |
| 751 | Less Accumulated Depreciation on Leasehold Improvements | Fixed Asset | No VAT |
| 760 | Motor Vehicles | Fixed Asset | 20% (VAT on Expenses) |
| 761 | Less Accumulated Depreciation on Motor Vehicles | Fixed Asset | No VAT |
| 764 | Plant & Machinery | Fixed Asset | 20% (VAT on Expenses) |
| 765 | Less Accumulated Depreciation on Plant and Machinery | Fixed Asset | No VAT |
| 770 | Intangibles | Fixed Asset | 20% (VAT on Expenses) |
| 771 | Less Accumulated Amortisation on Intangibles | Fixed Asset | No VAT |
| 800 | Accounts Payable | Accounts Payable | No VAT |
| 801 | Unpaid Expense Claims | Unpaid Expense Claims | No VAT |
| 805 | Accruals | Current Liability | No VAT |
| 810 | Income in Advance | Current Liability | 20% (VAT on Income) |
| 811 | Credit Card Control Account | Current Liability | No VAT |
| 814 | Wages Payable – Payroll | Current Liability | No VAT |
| 820 | VAT | VAT | No VAT |
| 825 | PAYE Payable | Current Liability | No VAT |
| 826 | NIC Payable | Current Liability | No VAT |
| 830 | Provision for Corporation Tax | Current Liability | No VAT |
| 835 | Directors’ Loan Account | Current Liability | No VAT |
| 840 | Historical Adjustment | Historical | No VAT |
| 850 | Suspense | Current Liability | No VAT |
| 858 | Pensions Payable | Current Liability | No VAT |
| 860 | Rounding | Rounding | No VAT |
| 868 | Earnings Orders Payable | Current Liability | No VAT |
| 877 | Tracking Transfers | Tracking | No VAT |
| 900 | Loan | Non-current Liability | No VAT |
| 910 | Hire Purchase Loan | Non-current Liability | No VAT |
| 920 | Deferred Tax | Non-current Liability | No VAT |
| 947 | Student Loan Deductions Payable | Current Liability | No VAT |
| 950 | Capital – x,xxx Ordinary Shares | Equity | No VAT |
| 960 | Retained Earnings | Retained Earnings | No VAT |
| 970 | Owner A Funds Introduced | Equity | No VAT |
| 980 | Owner A Drawings | Equity | No VAT |
This is the Xero default standard chart of accounts list – you can download the list usually from within Xero itself simply by clicking “Export” on the Chart of Accounts option.
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