[MINI] Ep 3 | 5 Key Reports

You're listening to another mini episode where I cover one key short topic. In less than five minutes, let's get into today's topic. Today. I am talking about 5 key financial reports that you should be delivering to your clients at least quarterly, but preferably monthly. So let's get into those. The five reports that you are always going to need , and you can just set these up as a custom reporting package.

And each client, when you onboard them is your profit and loss, your balance sheet, your AR aging, your AP aging, and a cashflow statement. So those are my five key reports that everybody gets, whether they want them or not, if they don't have any AR, then that one, that one's blank, , we just set those reports up for every client, , in Xero, you actually can set it up on the firm level and just run it in each client file. so it's not any extra time to set up custom reports for our clients.

But I would recommend just always just get in the habit of running all those reports for all your clients. and that's something your bookkeeper can do a first pass at. Like when they're done with everything, they would run the reporting package for you to review.