Guide to Managing Sales Tax in Xero
If you’re a Xero user, then it’s likely you enjoy things that are beautiful. In our guide to managing Xero sales tax, we’ll walk you through how to manage the sales and use tax you are collecting so you can focus on what’s really important – growing your business or serving your client.
Table of Contents
The first step toward managing sales tax in Xero is to set up your tax basis. In this chapter we'll walk you through how to set your tax basis to "cash" or "accrual".
With the Avalara integration, you're able to generate real-time sales tax rates for your invoice. We'll walk you through how the integration works.
When you're ready to filing your sales tax return, Avalara TrustFile has you covered. In this chapter we're cover how to sync your Xero data into TrustFile and how to generate Ready-to-File sales tax returns.
If you choose to make changes to your accounting basis, you'll need to know how this affects your sales tax data. In this chapter we'll cover how to switch from accrual basis to cash basis.
Now that you have your Xero account connected with and syncing data, it's time to dig into the details of how to file sales tax returns with Avalara TrustFile. In this chapter we'll do just that.