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Piloting Business Snapshot – a new way to see key business metrics

Posted 5 months ago in Advisors by Chloe Kyrke-Smith

Anna Curzon, Xero’s Chief Product Officer, announced today at Xerocon London that the Business Snapshot pilot will begin soon. This new feature gives small business customers and their advisors a simple way to see  how their business is doing based on a number of key measures. The data all exists in Xero, and Business Snapshot will gather, calculate, organise, and display the figures and insights on one page.

Every business owner wants to know, ‘How is my business doing?’. Business Snapshot is designed to make the regular conversations on this topic between advisors and small businesses both simple and satisfying. Information is presented in a visual way, making it easy for advisors to explain and for small businesses to understand how their business is performing. This enables advisors to start a deeper conversation and educate clients.

Created with advisors in mind, Business Snapshot displays a dashboard-style report of business performance measures and comparisons with previous periods. It condenses and simplifies key financial metrics like year-on-year revenue, cost of goods sold, and debtor days into a series of charts, tables, and at-a-glance figures. It’s all on one page to give a high-level view of how the business is performing. 

A better view of business performance indicators

Business Snapshot is part of a broader suite of work Xero is doing to help small businesses thrive by combining smart insights and simple tools. In September, Xero announced a short-term cash flow pilot that gives small businesses a 30-day view of the money due to come in and go out of the business. It enables owners to make decisions on payments and bills based on the amount of cash they expect to have in the bank. Business Snapshot is the next stage and provides all-important context for understanding the relationship between cashflow and profit. Both tools are built with the needs of small business owners in mind, and the support of advisors will ensure businesses get the most value from them.

Get involved now

We’re moving into the pilot phase of Business Snapshot very soon, and we’d love for you to join us on the journey. Please register your interest in participating in the pilot here, and we’ll be in touch in early 2020 with more details.  

We look forward to learning what works well and what needs tweaking, and releasing the Business Snapshot feature soon.


Tyronne Nel
November 14, 2019 at 9.56 am

Wow so similar to my product SME Snapshot released into your market place several months ago!!

Beeny Atherton in reply to Tyronne Nel Xero
November 15, 2019 at 1.44 am

Hi Tyronne, we’re always working to help small businesses succeed by giving them simple tools to make the most of their financials. We’re committed to an open ecosystem and by providing these simple features, we raise awareness of the category and ultimately increase the number of our subscribers who are given the option to choose a more advanced or dedicated solution. ^BA

November 14, 2019 at 11.17 am

Love this and think those direction will set Xero apart from the competition.
My wish list of other ways to extend this is to compare to other similar businesses. Xero have all the data and could really gives advisors/CFOs additional data points to help their customers.

Beeny Atherton in reply to Colm Xero
November 15, 2019 at 1.45 am

Thanks Colm – we’re really excited about this too 🙂 Hope you can join us on the pilot. ^BA

November 15, 2019 at 7.57 am

Image is so small and I cannot read anything. Can you upload the original image.

Beeny Atherton in reply to Chris Xero
November 25, 2019 at 3.09 pm

Thanks for your feedback Chris – we will take a look. Thanks – BA

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