At Xero, we know that you need detailed, accurate, and easy-to-understand reports to help your business or practice thrive. That’s why we continue to improve our new reports, with features that give you a reliable and detailed view of your business performance. Here are three of our latest enhancements, including one of our most popular feature requests.
Customize your account transaction report
the Account Transaction Report it is one of our three most used reports. Not only does it show you exactly what goes in and out of your accounts, it can also show how transactions have been posted to Xero. You can use the Account Transactions report to find coding errors and validate figures in Profit and Loss and Balance Sheet reports.
This week, we will begin implementing changes to give you more flexibility in how you use account transaction reports. These changes will save you time by allowing you to tailor the report to your needs, without the need to extract data from multiple sources and spend time organizing it however you want. You will be able to:
- exclude accounts that have been archived from the Accounts drop-down menu
- show the beginning balances of the profit and loss accounts (income and expenses)
- sort by account code without losing your opening balances
- show accounts with no transactions in the period (accounts with an opening balance, those with a zero balance, or both)
Add Total and YTD columns in your profit and loss report
In the next month, you will be able to add the ‘Total’ and ‘Year to date’ columns from the ‘More’ button on your Profit and Loss Report. These will show you an overview of these periods in your report, without the need to create the formula manually in the layout editor. Once flagged, they will remain in your compare column and will be updated to reflect any future changes to the report.
Report style improvements for practice users
If you are a practice user, you will soon be able to use our new report styles feature to change the layout of your PDF reports in Xero HQ. This feature will allow you to increase the font size of text blocks, tables, grids, schedules, and report rows. You can also add a watermark to exported drafts and published reports; we’re offering preset watermarks to get started, with custom options to follow.
These new releases reflect our continued investment in new reports, to give you better visibility into your business or practice and help you make more informed decisions. We will share even more improvements in the coming months, so if you haven’t tried using our new reports, we encourage you to give it a try and let us know what you think.