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Why now is a great time to try new reports in Xero

Posted 5 months ago in Product by Anna Curzon
Posted by Anna Curzon

Last year, we announced that we had started upgrading the technology that underpins the Xero platform, so our teams can build new features faster than ever before. Today, we’re excited to share that we’ve hit a significant milestone on that project when it comes to reporting in Xero.

We’ve had two versions of our reports for a while now — the older version and our ‘new’ reports. Our new reports now have some really exciting features that will help you get quick access to answers and streamline your financial analysis.

But we’re not done yet. Our teams have big plans to add even more reports and functionality in the future. To do this, they really need to focus their attention on new reports, instead of spending their time maintaining older versions that are now outdated.

 

We’re retiring the older versions of our reports

That’s why we’re retiring the older versions of our reports in Xero. This means you won’t be able to use them from 31 July 2023.

You’ll have access to older versions of our reports until they are retired. After this date:

  • you won’t be able to run any older versions of our reports
  • any saved drafts of old reports will be removed from Xero
  • you will have read-only access to old published and archived reports

For Australian and New Zealand partners:

  • you will not be able to create or edit old report packs in Xero HQ, or run them in your clients’ organisations 
  • any published or archived report packs in clients’ organisations will remain as read-only at the client level

There are some reports that won’t be retired on this date, as we are upgrading them in a different way or at a later date. These include the Budget Manager, Business Performance Dashboard, Payrun, Payroll, Tax, GST Reconciliation reports, and the Reporting API.

We recognise that for some of you, this is a big change and it will take some time to get used to new reports. That’s why we’re giving you plenty of time to make the switch, so you can do it at a time of year that suits you — such as a quieter period, or the start of the new financial year.

How we’re supporting you during the transition

Our customer research shows us that once people give new reports a try, they love them. But we’ll be introducing lots of resources over the next year to support you. These include:

  • regular live webinars from our education team (register for upcoming webinars now)
  • quick links in older versions of our most used reports that will make it easy to switch
  • a product tour in the new Profit and Loss and Balance Sheet reports
  • a tips and tricks panel in our most used reports with support articles and how-to videos
  • a new tool to help you bring saved layouts from older versions into new Profit and Loss and Balance Sheet reports (we’ll let you know more details as soon as this is available)

Start unlocking more value from your reports

All of our new reports are built with Xero customers in mind. The Xero community requested and voted for many of the enhancements, and we’ve tested them with small businesses and advisors, who tell us they love the improved flexibility and customisation.

Things have changed a lot in new reports over the past year. So if you haven’t given them a try lately, it’s a good time to take another look. Here’s what you can expect:

  • A beautiful report centre where you can search or scroll to find new reports and add them to your favourites
  • An extensive range of reports and common layouts to help you get quick access to answers when you need them most
  • Standardised formats and intuitive menus so you can explore different ways of looking at your data in just a few clicks
  • Powerful customisation tools that help you tailor the content and layout of your reports to your unique needs
  • The ability to add, hide or reorder columns, group or sort data in different ways, and use filtering options to find what you’re looking for
  • Features to help you streamline your financial analysis within Xero, including formulas, schedules, switch rules, notes and more

As you can see, there’s plenty of value to discover in our new reports right now. But our teams are working hard to build on this even further in the months ahead.

Soon, we’ll be adding more reports into Xero — including General Ledger, Journal and Bank Reconciliation reports — as well as introducing foreign currency into new reports. We’re also planning a new feature that will let you quickly apply your favourite layouts to multiple organisations.

It’s time to jump in and give new reports a try

If you’re not sure how to get started, we suggest opening the new Profit and Loss report in Xero. There’s a handy product tour in there that will guide you through the new layouts and settings, so you can feel more confident about giving new reports a try.

We’ve also made it easy for you to provide feedback — just click the ‘feedback’ button in the tips and tricks panel in the new Profit and Loss, Balance Sheet or Account Transactions reports and share your thoughts. This feedback will help our teams understand how we can continue to improve your experience.

I hope you love new reports as much as we do, and look forward to hearing how they offer the insights you need to help your business or practice thrive.

86 comments

Dianne
November 2, 2022 at 11.39 am

I also hate your new reports. The layout is ugly, it is hard to find how to filter and save, and some of the reports are inaccurate now i.e. P&L entering positive amounts as negative.
Whenever I open a new report the first things I do are change the font, font size, remove wrap text, remove merge and centre, remove 150% zoom, change row height and change column width.

It is difficult to customise a lot of reports to what they were before.

Also once a new report has been accessed, the whole screen has a tiny font.

I very much doubt that you consulted with a significant number of bookkeepers who are the ones who use the product on a daily basis. And given my experience with the new report and the comments above, I dispute your marketing hype that “Our customer research shows us that once people give the new reports a try, they love them”

As previous comment stated, tweak the features and the back end but leave the on screen and in report formatting the say.

Fortunately for Xero, it is still the best of a bad bunch of accounting platforms for this level of the market. I have been using Xero for 8 years and if there was a better alternative I would seriously consider moving my customers, even if it meant absorbing the transition costs.

Listen to the people who really matter and fix things or you will lose customers.

Michelle
November 8, 2022 at 3.15 pm

100% agree

Robyn
November 2, 2022 at 6.37 pm

Instead of changing what already works, why not add functionality that should actually be part of the core software offering, like REAL multicurrency reporting. So many of your customers have requested reports in actual currency that is not automatically translated to the base currency in the jurisdiction it is operating in these request get ignored.

I don’t understand why you keep tinkering instead of doing the much needed changes.

Ron
November 8, 2022 at 5.28 am

Totally agree

Gina
November 3, 2022 at 4.58 pm

Wow…. are you listening Xero?? Seems like it’s unanimous the dislike of the new reports. Forgetting about how awful everyone seems to think they are (no comment), I am so tired hearing the hype about reports. I have literally two pages of true FUNCTIONAL changes that I’d love to see, suggestions which have been made since the very beginning!! (hello navigation “put me back where I was before I made the edit”). Can we move on from reports and get to some of those?? Honestly…. anything beyond the most basic of reports is of Xero – sorry, Zero – interest to any of my clients!
(Ok, there is one exception – thanks for finally getting to sticky headings and columns. But seriously?? That should have been done when the report was created!)

Roger H
November 3, 2022 at 11.21 pm

I’ve given up using tracking codes … all too hard
Where is your simple to read indexed online user manual covering all reporting options?

Irina
November 7, 2022 at 10.26 am

Hi There,

Agreed with all the above comments.

The new reports as not user-friendly, as well as the Sales and Purchases modules – the layout looks ugly and hard to navigate.
there is nothing much to add on already placed comments as Robyn said: “Instead of changing what already works, why not add functionality that should actually be part of the core software offering, like REAL multicurrency reporting, improve the payroll? So many of your customers have requested reports in an actual currency that is not automatically translated to the base currency in the jurisdiction it operates in, these requests get ignored.”

You are improving the layouts, and so many users are not happy with it, What bout investing money into better functions to current layouts

Cheers

Grace
November 8, 2022 at 11.17 am

why changed if something works perfectly. please add functionality that should actually be part of the new technology offering.
i have tried the new reports and it’s not working for us at all. please DO NOT retired the old versions…

Claire Milliken
November 10, 2022 at 1.31 am

We need better VAT reports or an easy way to establish which VAT return transactions are included in rather than having to sift through all the returns to find out.

Luciana Ferrini
November 10, 2022 at 1.24 pm

Why change something that is working well

Alison Mitchell
November 16, 2022 at 12.07 am

Totally agree with all the comments here, please listen!!

Leeann
November 17, 2022 at 5.46 pm

Agree with all above, you keep changing things that don’t need to be changed, please listen to your users, not your IT staff that love to change things

Ernest
November 25, 2022 at 2.53 pm

Yes, I hate the new report styles – not easy to set up at all. I find them time consuming in trying to get the new report styles show the information our clients need, are used to seeing & enjoy per the old report styles!! XERO please take note.

Lorna Gerber
November 27, 2022 at 9.26 am

I agree with all of the above comments. I have been working more than 50 years on various accounting packages. Do the “people” who plan these changes actually do daily work in Zero. It is basic but works – the new layout is messy, you can’t find/ locate data easily- AP comes to mind. Why change what works.

Nigel
December 2, 2022 at 3.58 pm

Hate the changes.
Have 7 active file and am now looking at alternatives.
Hope it is not too late from someone at Xero to listen to customers.

Craig
December 3, 2022 at 5.37 pm

Another – for negative response to Xero new reports.
Why change – it is not at improvement at the user end!

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