The Ultimate Canadian Xero Setup Checklist
Don't miss a step. Follow this guide to ensure your accounting is audit-proof and tax-ready from Day 1.
1Organization Settings
- Enter correct Legal Trading Name (matches your Articles of Inc).
- Set 'Financial Year End' to match your T2 return date.
- Add your Business Number (BN) in Organization Details.
- Set your specific 'Time Zone' to ensure bank feeds sync at the right time.
2Sales Tax (GST/HST)
- Enable 'Financial Settings' > 'Tax Basics'.
- Input your GST/HST Number.
- Select your 'Tax Filing Period' (Quarterly/Annual) to match CRA requirements.
- Add PST/QST rates if you have nexus in BC, SK, MB, or QC.
3Banking & Hubdoc
- Connect all business bank accounts via Feed.
- Connect business credit cards.
- Activate Hubdoc (included in Xero).
- Link Hubdoc to Xero (Push data to 'Purchase').
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