Financial Reporting
As your organisation grows, the complexity of reporting requirements also grows. You need to understand how to obtain the best out of your accounting system and be able to slice and dice data to your requirements. Designing the chart of accounts is a critical part of this process as this drives the ability to extrapolate your data.
Regular monthly management accounts including profit & loss statements or income and expenditure accounts, budget variance reports, balance sheets and cashflow statements can all be produced at organisational and at a departmental or project level. Xero uses tracking codes and options instead of the traditional department codes or cost centres. I can help you select the best options for tracking income and expenditure that will facilitate all your reporting needs. Xero can accommodate both standard and custom reports.