How can you automate accounting reports with Xero?

1 Connect your data sources

The first step to automate accounting reports with Xero is to connect your data sources. Xero can integrate with over 800 apps and services, such as Shopify, PayPal, Stripe, HubSpot, and more. By connecting your data sources, you can sync your transactions, invoices, payments, and other data with Xero automatically. This will ensure that your reports are accurate and up-to-date.

2 Choose your report templates

The next step is to choose your report templates. Xero has a variety of report templates for different purposes, such as profit and loss, balance sheet, cash flow, budget, and tax. You can also create your own custom reports using the report builder tool. You can access the report templates and the report builder from the Reports menu in Xero.

3 Customize your report settings

Once you have chosen your report templates, you can customize your report settings. You can adjust the date range, the layout, the columns, the filters, the formulas, and the charts of your reports. You can also add notes, comments, and attachments to your reports. You can preview your reports and make changes as you go.

4 Schedule your report delivery

The fourth step is to schedule your report delivery. You can set up recurring reports to be sent to yourself or others via email or PDF. You can choose the frequency, the recipients, the subject, and the message of your report delivery. You can also set up alerts to notify you when certain conditions are met, such as reaching a target or exceeding a budget.

5 Share your report access

The fifth step is to share your report access. You can invite other users to view, edit, or publish your reports in Xero. You can also set permissions and roles for different users, such as advisors, managers, or staff. You can share your report access from the Settings menu in Xero.

6 Export your report data

The final step is to export your report data. You can export your reports to Excel, Google Sheets, or PDF formats. You can also use the Xero API to connect your reports to other tools and platforms, such as Power BI, Tableau, or Zapier. You can export your report data from the Export menu in Xero.

By following these six steps, you can automate accounting reports with Xero and streamline your reporting process. You can also benefit from the insights, analysis, and feedback that your reports provide. Xero makes it easy and convenient to create and share your accounting reports with anyone, anytime, anywhere.

7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?