Monthly Comparative Balances

23 Feb Monthly Comparative Balances

If you would additional reporting without dealing with the transactional level information then this is a good option for you.

This service option provides journals in the P&L and balance sheets on a monthly basis. It is ideal for situations where you want to track business performance over a period of time or understand seasonality.

  • You can run a P&L for the current financial/fiscal year, and compare against previous years.
  • You can run a P&L for this quarter (or month) versus previous quarters (or months) for a number of years to get seasonal trends.
  • You don’t need to go back to your old accounting system for those reports as the data is in Xero.

This is an optional premium service which you can receive under the ACCELERATE and INSIGHT premium service packages.


How Much Data Can we Get for You?

We get as much as we can depending on how much data there is in the source file database that is accessible to our software.

Note that monthly comparatives are not applied against tracking categories.

AccountEdge (Macintosh Version)

  • The conversion process of Macintosh files involves a step of transforming AccountEdge to AccountRight which limits the amount of monthly comparatives that we can deliver to you.
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