Читать книгу Xero For Dummies - Heather Smith - Страница 59

If your business was in operation prior to moving to Xero, the previous full-year balances for all or selected lines of the chart of accounts can be entered into your Xero file through the Comparative Balances function. In other words, you can add in the balances for accounts within your chart of accounts from before you started in Xero, as at the end of the previous financial year. If the detailed history of your business isn’t already in Xero, utilising the Comparative Balances function is an opportunity to incorporate summary level historical data into your reporting.

Historical insights assist with understanding trends in data over time, which aids your future decision-making processes in your business.