Map accounts to tax lines
Efficiently prepare client financial data for tax by mapping their chart of accounts to lines in Form 1040, Schedules C and E (with one property). Forms 1065, 1120, and 1120S will be available soon.
Reduce manual data entry
Xero brings all of your client’s financial data together in a simple workflow, reducing the need for manual workarounds and third-party tools when preparing client books for tax.
Ensure data accuracy
Once your mappings are complete, audit your work by viewing a report that breaks down each tax line with the mapped accounts.
Tax software agnostic
Bridge the gap between Xero and your tax software by exporting a CSV of the completed mappings that can be transferred to a tax software of your choice.
Xero +C for self-employed clients
Transform your self-employed client’s stack of receipts into a year-round digital workflow. Connect their bank and use a customized chart of accounts that maps directly into a Schedule C report to efficiently and accurately manage self-employed client data.Learn more