As part of the setup process for the Xero Invoicing Module, we’ll ask you to confirm your Xero Chart of Accounts mapping.
In a nutshell, Xero Account Mapping allows us to direct the amounts you receive from your Bidders to the various Revenue Accounts you have set up in your Xero’s Chart of Accounts.
There are four revenue streams in our Xero Module:
Default – the Hammer amount (the highest bid or purchase price of your Items)
Hammer Tax – the amount derived from your regional Hammer Tax
Xero Account Mapping Explained
As part of the setup process for the Xero Invoicing Module, we’ll ask you to confirm your Xero Chart of Accounts mapping.
In a nutshell, Xero Account Mapping allows us to direct the amounts you receive from your Bidders to the various Revenue Accounts you have set up in your Xero’s Chart of Accounts.
There are four revenue streams in our Xero Module: