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Introducing ‘New Features’ Webinars and New Reports: Profit And Loss Variances

May 10, 2021

This article originated from the Xero blog. The XU Hub is an independent news and media platform - for Xero users, by Xero users. Any content, imagery and associated links below are directly from Xero and not produced by the XU Hub.
You can find the original post here:
https://blog.accon.services/2021/05/09/introducing-new-features-webinars-and-new-reports-profit-and-loss-variances/

The Profit & Loss Variance Report is considered a crucial component in month-end reporting packages and is often used by managers, bookkeepers, and executives to analyze revenues, expenses, and profitability across a business. A key functionality of this report is that it provides monthly, quarterly, and year-to-date variances to previous months, quarters, and years.

The purpose of this Profit & Loss Variance report is to provide business managers with a professional and easy-to-read financial analysis. This helps a company’s owners and executives easily analyze the financial situation of their firm. Furthermore, this report reduces the chance of missing any important performance metrics and also reduces any misunderstandings that non-financial staff members might have otherwise had.

In order to generate a Profit And Loss Variance report, you need to select

G-Accon for QuickBooks –>Standard Accounting Reports –> Profit And Loss Variance or

G-Accon for Xero –> Report Designer –> Standard Accounting Reports–> Profit And Loss (Income Statement) Variance

You can learn more here and find an example of this report below:

Why leave it there?

To learn more about GAccon

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