Xero is easy to use online accounting software that’s designed specifically for small businesses. The Xero content pack for Power BI allows you to visualize and monitor the accounting data from within each Xero business. The out of box solution includes information such as cash position, top customers, invoices due and many more. The interactive reports allow you to easily explore your data to understand even more.
Xero Content Pack
With the Xero content pack for Power BI, you can see your data in a format that makes sense, and can analyze it with greater speed, efficiency, and understanding. You can create visualizations for the most commonly tracked small business metrics including cash position, revenue vs. expenses, profit/loss trend, and return on investment.
You can drill down more specifically to uncover insights like your best performing products or services, or see where your time is best spent, with important actionable items being presented front and centre. All the information in Power BI is dynamic, surfacing what’s important and giving you the power to dive into the detail.
Using Power BI - Action items
The Xero Content pack in Power BI has a tile dedicated to Action items. Action Items allow you, at a glance, to get a sense of where things are, and help you understand what things you can do in Xero to bring things up to date. Action Items help you keep your accounting data up to date, so you maximize the value of real time information to impact your business.
With Messages highlighting what you can action, and direct links into Xero, it’s quick and easy to “tick” things off and bring things up to date. And get back to running your business, completely up to date.
PivotTable is a very powerful tool, which can transform tons of data into user-friendly information for decision making - without using a single formula. Just drag and drop. You can export data to Excel or Google Docs from most software (SAP, NetSuite, ERPLY, XERO, MYOB, UBS etc) to analyse further using PivotTable.
I constantly remind and conduct training for my clients to harness the power of PivotTable. When I was lecturing Financial Modelling in Monash University (Malaysia) few years back, I demonstrated PivotTable, although officially it was not part of the syllabus. This is to prepare the students for the real world.
Learn it, you will be amazed. Here are 2 introductory videos (to learn more, view other videos):
Business, economy, education and current issues. Providing tips, tricks and tools in managing business.