Implementing Xero for a business operating in Spain requires some specific configuration steps that differ from a standard UK or US setup. This article covers the key considerations for getting your Xero account correctly configured for Spanish operations.
Chart of Accounts for Spain
The Spanish General Accounting Plan (Plan General Contable, PGC) uses a specific account structure that differs from the UK or US standard Xero chart of accounts. Getting this right from the start saves significant rework later.
VAT Configuration
Spain uses a structured VAT system with multiple rates (21%, 10%, 4% and exempt). Configuring Xero with the correct Spanish tax rates ensures your VAT returns are produced accurately.
Bank Feeds
Most major Spanish banks are supported by Xero bank feeds, including Santander, BBVA, CaixaBank and Sabadell. Connecting your bank directly to Xero is one of the most significant time-saving steps in the setup process.
This article is for general information only. Contact us to discuss your specific Xero setup requirements.
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