Why are settings in Xero so important?
Xero is the financial hub of your business. In most cases, it is the system of record for all your business’s financial transactions. This is the point where you set your business up for success. You will want to address the major settings we will detail in this chapter early on in your Xero journey. Some of these settings are needed at the transactional level, some at the report level, and some at the security level. As we progress through this chapter, we will see how each of these types of settings is important and how they impact your business.
Before jumping into the settings, we need to address the most important setting in Xero. In the next section, we begin discussing the COA settings.
