Xero Start up Checklist

Stage 1

Copy of Last years Financial Statements

Full years Bank statements Main Secondary and Loan Accounts since last completed financials.

A full bank statement of explained transcations so we can teach Xero

Back up of Current Accounting Program.

(If Relelvant) Employees Names, D.O.B. Email Addresses, Postal Addresses, Pay Rates, Employments Status, Tax free threshold status, Hecs/Help Debts, Leave Accrued, Sick leave, And Bank Details and Super Information

Stage 2

List of Current Debtors

List of Current Creditors

Bank Download or detials of transactions that have occured in the start up gap.

1 Hour of training in the use of Xero

This involves, writing invoices, coding bank statements, using payroll and how to use the discuss funtion, as well as other features.

Stage 3,

Go Live!.

You will now be a Xero user.

Part of our service is the ability to call anytime you have trouble or are unsure how to proceed.

We are always willing to assist.



PAYG Group Certificates

Payment Summaries Pensions or Annuities

Eligible Termination Payments

Spouse Date of Birth and Taxable Income

Interest Earned from Bank Accounts

Share Dividend Statements

Annual Taxation Statements from Trusts, Managed Investments, Property and Cash Management

Income and Expenses from Investments

Business Income and Expenses (Self Employed)

Assets/ Shares, Buy Sell Statements


A list of work related Expenses

Motor Vehicle Log and Expense Receipts

Interest and Fees on Investment Loans

Donations to Charities

Fee for previous year Tax Return

Income Protection, sickness and accident insurance costs

Super Contributions (Self Employed)

Private Health Insurance Details

Current HELP and FSS Debt amounts

Bank Account Details for Refunds

Sole Trader, Partnership, Company, Trust Etc.

Back Up copy of your Bookkeeping program,

(Excel, MYOB, Quickbooks, Cashflow)

Bank Statements covering the entire year.

(Main Account and Secondary/Credit accounts.)

Loan Statements covering the entire year.

Purchase details of new assets (Car purchase contracts etc)

Loan Agreements for new assets.

Details of Employees wages

PAYG Non Individual Summary (Total PAYG and wages Paid Notified to the ATO)

TFN and ABN of Business.

Details of Directors/Owners

Personal Tax Information for personal Returns