Having targets in place is a great way to motivate your finance team and give them a clear goal to aim for. Using the reporting capabilities of Xero, you can pull together numbers for the cash you collect from each customer on a monthly basis. And with these numbers in the bag, it’s easy to set achievable targets for future cash collection, based on the empirical data you already have in your accounts.
Making money. It’s at the route of what your business does.
Whether pure profit is your end goal, or whether you need to release more cash to speed up the overall growth of the company, having a focus on improving your profitability is a vital part of good business management.
It’s been a hectic few weeks at Tyrrell & Company HQ in the build up to our Xero Trifecta event. But we’ve been overjoyed at the positive reception we got from attendees on the day. It’s been a hectic few weeks at Tyrrell & Company HQ in the build up to our Xero Trifecta event. But we’ve been overjoyed at the positive reception we got from attendees on the day.
The event was every bit the success we’d hoped it would be. And we were delighted at the number of delegates who packed into the Concorde Suite at the Imperial War Museum, Duxford, to find out more about our brand new Xero Trifecta solution.
Having a great view of your business information is the key to better decision-making. But staring at a page of figures, or a complicated spreadsheet, isn’t always the best way to see the important insights and pull out the underlying truths relating to your your financial and business data.
For most business owners, it’s not a good way at all.
Although we appreciate a good spreadsheet at Tyrrell & Company, we appreciate that it’s far more helpful for you to see your key business numbers in a visual format.
Perception is everything when it comes to understanding your profit figures. The better your view of key profit information is the more informed you are about the underlying health of the company – and the better your decision-making will be for the future success of the business.
But are you getting the view of your profits that you need? Do you need more insight from your business reporting?
By combining the benefits of Xero online accounting software and the Spotlight Reporting plug-in you can get back control of your business information. These two solutions, in tandem, allow you to start drilling down into your data to find the really insightful nuggets of information about your profits.