Getting the most from Xero: Part I

2 January 2019

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Customers often ask how to get the most out of their Xero account. It's a clever product — but without knowing the questions to ask, it is difficult to realize Xero's full potential.

To help increase your knowledge, understanding and insights into Xero (and the daunting world of add-ons), we're putting together a collection of blogs that will cover:

  • Basic ins and outs, and how to do your bit more quickly
  • Which reports are the most important
  • How to spot issues in your business earlier
  • How to use add-ons to streamline your business and get insights fast

In short, we're trying to take your knowledge from ground zero through to confidently knowing using Xero to help you grow your business.

Your performance at a glance

Xero has more data on your business than you could ever need — the problem most businesses experience is visualising this data.

That's where Xero's Business Performance Dashboard comes in.

It provides data on 20 business metrics, and along with the Account Watchlist, you can visualise all of your business's data at a glance.

What is it?

You'll get a series of charts to track business performance across a wide range of standard business metrics. These include gross profit, debtor payment time, net profit, and debt to equity.

Gain a deeper understanding

Drill down from the dashboard to show more detail and get in-depth analysis of your numbers. This can help you develop an understanding to help you make informed decisions with confidence.

How to access

To access the dashboard, in the Accounting menu, select Reports. Under Financial, click More Reports, then click Business Performance. Sorry — they're buried pretty deep in the menus.

How they help

They can help answer questions such as How much margin do I make on my sales? or How easily can I pay my bills?

Your business performance graphs are based on equations using account types from your chart of accounts. You can see the equation when you click on a graph's title.

For more, drop us an email — we're happy to talk you through it. Otherwise, feel free to read more from Xero here.

The Account Watchlist puts specific accounts right in front of you on the Dashboard in Xero. This makes it quick to see how the most important areas of your business are tracking in any given month.

To add an account to your Dashboard, click Accounting, then Advanced, and finally Chart of Accounts. Click on the account you want to show on your dashboard and tick Show on Dashboard Watchlist.

Want to learn more?

To find out more about the Dashboard in Xero, feel free to drop us an email. We're happy to point you in the right direction.

To learn more simple tutorials for Xero, download our free eBook.

EJ

for more help feel free to reach out. Get in touch with Eugenie Jones