Do you use Xero reports? Some of the old report formats are being retired – will this affect you?

This article was written by Sarah Kinsey, Outsourcing Senior.

If you use Xero for your bookkeeping and accounts, you may have noticed at the top of the report pages a note stating that “It’s time to change to the new version of this report”. On 31st July the old version of some of the standard reports in Xero are being retired, replaced with the newer format.

You may have already migrated across and got comfortable with the new formats, but if not – we can help!

Two of the main reports that you might be using that are set to change over are the Balance Sheet and Profit & Loss. If you built a custom version of either of these reports based on the old version (perhaps many years ago!) you won’t be able to access this for your July reporting onwards.

How can our Systems advisory team help?

Our Systems Advisory team can help you recreate your reports within the new format and give you a short demo of how to work within the new layouts. We can offer a complimentary 30 minute call with one of our Xero specialists to share screens with you and guide you through rebuilding your report, including:

  • Creating custom formats of the standard monthly reports
  • Consolidating account codes under a subtotal to give you more concise reporting
  • Including comparative information for previous periods
  • Saving your reports for easy access

If you would like something more in-depth, or even to have a review of your reports and if you’re getting the most out of Xero, we can also offer a “Healthcheck” to discuss your needs and our suggested solutions.

Examples of things you might want to consider include:

  • Department, division or location categories reporting
  • Tailoring chart of account codes to relate to your specific business
  • Including budgets, to provide actual v budget reporting

If you would like to book in a complimentary 30 minute call with one of our team, please fill out the form below with your contact information, availability and a few details of what you would like to achieve – and the Systems Advisory team will be in touch.

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