Each staff expense or bill (supplier expense) has an expense type assigned. Use this to group together similar types of staff or supplier expenses (i.e. couriers, travel, sub contractors). The account code entered on each type is used to map these similar expense items to the matching location in your accounting system using account codes.
- MYOB AccountRight Live > Income codes = 4-1100, 4-1200, and Expense codes = 5-1100, 6-2100.
- Xero > Sales revenue account = 200, Supplier Expenses account = 300, and Staff Expenses account = 429.
Add account codes to cost center, disciplines, or expenses to map where your invoice or expense data should be transferred to in your accounting system. Learn more about account codes in the configuring Accounting add-ons topic.