Monthly Comparative Balances

Monthly Comparative Balances

In addition to the transactional history available as part of our service, you can add monthly comparatives for additional reporting purposes.
These are monthly journals derived from the profit and loss and balance sheets prior to the transactional history start date. They go back as far as we can read the data in your source file and provide additional information for reporting and trend analysis.
  1. You can run a P&L for the current financial/fiscal year, and compare it against previous years.
  2. 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.
  3. You don’t need to go back to your old accounting system for those reports as the data is in Xero.
Please note that you cannot receive the option of monthly comparatives if you select the custom change your Chart of Accounts option.
NOTE: These numbers are in summary format and you are unable to drill down in the transactions that make up these balances.
Monthly comparative balances are not applied against tracking categories.
This option is available as part of the Accelerate package.




    • Related Articles

    • MYOB (AU & NZ)

      MYOB Preparation Checklist It is ESSENTIAL you work through the information detailed on this page before starting your conversion. This preparation needs to be completed in the file access that you are providing. This will ensure that you will have a ...
    • Quickbooks Online (US)

      For information on QBO conversions for Australia please go here. What is Converted? Contacts: All contacts convert, even archived contacts as they may have been used in transactions, you can archive them in Xero following conversion - more ...
    • Running Payroll Reports Post Conversion

      When setting up payroll in Xero, most employees will have opening balances so that payment summaries can be created out of Xero easily. The downside is that the reporting for the first quarter/ month after conversion does not easily give the correct ...
    • Post Conversion Queries

      Amending Conversion Balances Please see here for more information on how to Amend Conversion Balances Figures in Conversion Clearing Account Please see here for more information regarding conversion clearing accounts. Why do I have a Reconciliation ...
    • Package Options

      Pricing Standard Package Accelerate Package Custom Conversion Australia $Free Fully Subsidised by Xero* $430 AUD after Xero Subsidy* $430 AUD after Xero Subsidy* United States $Free Fully Subsidised by Xero* $430 USD after Xero Subsidy* From $430 USD ...