Xero Management Report Walk Through

Xero’s Management Report is a great compilation and summary of the month (or other periods) end reports that most businesses need.

The report includes an executive summary, cash summary, income statement (profit and loss), balance sheet, aged receivables and an aged payables report.  This report can be published within the Xero company file, or exported as a pdf, Excel document, or Google Sheets.

How to generate a Xero Management Report For Your Company

1.From your Xero Dashboard, navigate to the ‘Reports’ tab.  You can see at this time that I do not have it saved as a favorite or starred report.

2.On the reports page, you’ll want to scroll down to the “Accounting” reports section.  You should star this so it shows up in your ‘Reports’ drop down box in the future.

3.When you select Xero’s Management Report, you’ll be taken to a screen with the Executive Summary.

4.This executive summary alone offers a lot of insight into your business’ performance over the last month, compared to the previous month, and you can even have that difference show up in a percentage column.  It’s a really fantastic snapshot of your business.

5.There are several customization options for your report.  For starters, you can choose which month you would like to see a report for using this drop down box. You can also choose which of the 6 reports (executive summary, cash summary, income statement  balance sheet, aged receivables and an aged payables report), and you can also choose to show the previous month’s numbers, it’s ratio compared with the chosen month, or no comparison at all.

6.Once you have made your selections, you have a few options to export the finalized report.  Your options include just publishing it within your company’s Xero file, or you could download it as a .pdf,, Excel spreadsheet, or a Google Sheets file.  You can also choose to edit the cover page, who the preparer was, date, or choose not to have a cover page at all.

I find that the Xero Management Report is a great compilation and other accounting platforms such as Quickbooks Online require you to compile these various reports manually.

Yes! We can help you with your Xero bookkeeping!  Contact us today to get started!

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