When re-importing, select "No" when asked if your file contains balances — this will prevent your existing balances from being overwritten.
You can only update either the account number or the account name in one import. To change both, complete the process in two separate imports.
In Xero, you can either delete or archive accounts from the Chart of Accounts. We recommend archiving over deleting, as this allows you to easily restore accounts if needed later.
Best Practice:
Only archive accounts that have a $0 balance.
🔹 Bank and Credit Card Accounts:
If a bank or credit card account shows a statement balance but has no transactions, it may have been previously used and not closed properly. Before archiving, ensure any outstanding balances are cleared with the correct accounting entries.
🔹 Other Balance Sheet Accounts:
If these accounts show a balance, they’ve likely been used in the current or prior financial year. Post adjusting journals to bring the balance to $0 before archiving or deleting.
🔹 Income & Expense Accounts:
These can generally be archived without issue.