New Custom Accounting Reports for Xero and QuickBooks

New Xero Reports:
Aged Payables Detail by Contact Groups: This report allows users to view detailed information about aged payables categorized by contact groups. It helps in better understanding and managing payables related to different contact groups or suppliers.
Aged Payables Detail in the Customer Currency: This report provides information on aged payables in the customer’s currency, which is particularly useful for businesses dealing with international transactions and multiple currencies.
Aged Receivables Detail in the Customer Currency: Similar to the aged payables report, this report displays aged receivables in the customer’s currency, facilitating better management of receivables in a multi-currency context.
Aged Receivables Detail by Contact Groups: This report provides a breakdown of outstanding receivables based on the groups or categories to which your customers or clients belong. It helps you better understand who owes you money and in what categories, making it easier to manage and prioritize collections efforts and maintain healthy cash flow. This report is valuable for businesses that want to segment their accounts receivable data to improve their receivables management.
Budget Variance by Tracking Category: This report allows for a comparison of budgeted amounts and actual expenses, categorized by tracking categories. It helps in tracking budget adherence and identifying areas where there are variances.
Budget vs Actuals by Tracking Category: This report provides a more detailed breakdown of budgeted amounts versus actual expenditures, segmented by tracking categories. It supports in-depth analysis of budget performance for different aspects of the business.
New QuickBooks Reports:
Cash Transactions: Users can now easily generate Profit and Loss reports with a comparison feature, allowing for a side-by-side analysis of different classes or categories. This enhances financial analysis and decision-making by providing a clear view of the performance of various segments.
Project Profitability Summary: Historical view reports have been introduced, enabling users to track and compare financial data over time. This feature allows for a more comprehensive understanding of financial trends, helping businesses make informed decisions based on historical performance.