When you’re managing a business you want to be able to make sense of the figures. While it’s important to know where those dollars and cents are going, sometimes you need to step back and get a big-picture view of your earning and spending. New percentage columns give you this perspective.
Add percentages to your Xero Income Statement – no calculator required
If you haven’t already noticed, the new Income Statement now has an option to add percentages. This lets you easily see account movements as a percentage of the top line revenue in each period.
This simplified view gives you a lot of great benefits: it helps you and your advisor find errors in the accounts, spot trends over time, helps you and your advisor find errors in the accounts, and lets you compare your performance directly with other businesses and industry benchmarks.
Tweak, change, adapt, explore!
With the new percentage columns, you’re not limited to percentage of sales. You’ve got the flexibility to compare against any line item in the report. Just use the powerful Edit Layout mode and pick a different baseline figure.
Making reporting useful
We’re hard at work improving the usefulness of Xero reporting so you can use it to add more value to your business or your clients’ businesses. Dive in and get started today.
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