Traditional financial reports have lost their appeal (if there ever was any) to entrepreneurs. The P&L and Balance Sheet are artifacts created by the accounting profession, designed to be the main outputs of a double entry accounting system. While well intended, these financial statements don’t satisfy the entrepreneur’s desire for financial information. The business owner, …
=XTRACKR extends our add-in for Xero, by allowing you to specify a range of Xero GL account codes, tracking category, and tracking option. The syntax looks like this =XTRACKR (Begin Account Code, Ending Account Code, Tracking Category,Tracking Option,Start Date,End Date) Some “use cases” of =XTRACKR include building a matrix P&L with departments or stores in …
Accounting and finance professionals need to rapidly evolve their service offering to small business clients. Why? Technology. Technology will automate and commoditize the historical service offerings that professionals have relied on to earn income, and live a good life. Tax prep, bookkeeping, and more, will become the domain of machines. Machines, powered by AI will …
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