Reports

INTRODUCTION TO REPORTS

  • Reporting is at core of any accounting system which is handled beautifully by Xero.
  • Xero provides you a large number of reports on the go in an easy to use manner.
  • Here is a screenshot of the reports which are generated by Xero. There are also large number of reports in Payroll section which we have not dealt with in this manual.

Performance reports :

Performance reports help you to analyze the profitability of your business and the performance of business vis a vis your expectations from the budget.

Following are important performance reports:

  • Budget Summary: It provides a summary of the budget figures added by you.
  • Budget Variance: It shows the budget variance against the actual.
  • Executive Summary: It provides an executive summary of the deviations for year on year basis.
  • GST Return: It gives the details of GST collected and paid for a particular period
  • Income by contact: It provides the income received from a particular customer
  • Inventory summary: It gives the summary of the inventory movement
  • Profit and Loss
  • Sales by Items

Cash Reports :

Cash Reports shows the reports on Cash generated during the period and report on bank reconciliations.

Position Reports :

  • Important reports in this section are Aged Payables and Aged Receivables.
  • It helps to analyze the payments pending to be done and customers from whom the receivables are pending.

Detailed Reports :

  • This reports are more of bookkeeping side which can help you to determine the transactions during the period and the summary of the transactions in a particular account.

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