Exporting accounting data to make your life easy

There are many reasons to export your data: tax prep, safeguarding, or even an audit. In the case that you are having a financial audit, you may want to limit the data you give to your auditors. You can accomplish that by using the date picker, only exporting the exact dates under audit, and filtering the accounts you are providing. You can save the general ledger data by year, by selecting the Account Transactions report, selecting the time frame, and exporting as we explained previously.

The more probable reason is that you want to export the data and upload it into your tax software. Xero makes it very easy for you as well:

1. Click on the Accounting menu and choose the Advanced option. This will take you to the Advanced accounting settings screen.
2. Click on the Export accounting data option.

Figure 18.3: Accounting menu

This takes you to the Export accounting data screen where you can...