Xero announced today an update in its Report Templates for New Zealand and Australian accountants and bookkeepers. The release marks another innovation milestone by the Cloud leader in accounting and bookkeeping software for small businesses.
The release will be made available globally and demonstrated live at Xerocon San Francisco and Xerocon South in the next month.
Xero Report Templates have been developed to give accountants and bookkeepers the facility to design customised reports and save them for future use as templates. This updated release comes complete with a number of predefined templates with almost unlimited power over the report templates that can be created.
Oliver Furniss, GM Product Marketing at Xero, says, "We have designed Report Templates to be intuitive and approachable, without sacrificing the features. This means partners can harness the power and time saving benefits of practice-wide templates, while still retaining the ability to customise the reporting outcome to the needs of the client,”
The Report Templates include:
- Practice-wide Reporting - Reporting is based on Report Codes not individual Chart of Accounts, so reports can be run immediately across all customers saving hours.
- Intelligent and Flexible Reporting - An in-built report codes mapping system which makes using your own chart of accounts easy for any member of the practice
- Dynamic Flexible Reporting - Build a standard set of reports at a practice level, while also customising at a client level. Any changes made to standard reports ripple down to the customised client reports.
- Customisation - Layout editor with the ability to add text blocks, custom schedules, custom date/formula columns, and formula rows
“Template Reports provides us with enough flexibility to negotiate a change to new reporting standards. We are now benefiting from the efficiencies of single ledger reporting which allows us to adhere to our professional reporting standards, while maximising efficiencies around a key compliance process. We have more time to add value to our clients and help them grow,” says Adam Davy, Partner, BDO.
The Report Templates will be able to be used across multiple clients, in an attempt to avoid repetition of work.
“Xero's Report Templates will ensure that financial advisors are getting their small business customers ready for the shift to cloud,” says Grant Anderson at Xero. “What’s more, reports can be created quickly and effortlessly, saving valuable time.”