Setup best practises

XLReporting is fully configurable and you can create any reports you need, in any format.

You don't have to start from scratch. When you sign up, your account will include 20 predefined reports and budget models, with 50 different layouts, and import connectors for financial reporting and budgeting.

Below are our recommended steps and report examples. You can follow these yourself, or book our Assisted Setup.

assisted setup

1Determine your requirements

What do you need to report on, and at which level? Which dimensions or segments does your business have? What is your management structure?

2Measure only what you can control

Don't make things too complex. Focus on information that you can translate into actions and decisions. Don't include more detail than necessary to understand the results and to make informed decisions.

3Optimize your Chart of Accounts

The quality of your reports is directly affected by how well you structure your chart of accounts, list of departments, cost centers, product groups etc. Make sure these are clear and unambiguous, with a clear hierarchy and grouping.

4Integrate your source data

Try to avoid manual processing of data. Integrate your other systems directly, so you can save time and improve data quality.

5Design top-down

Focus on high-level KPI's and reports, where needed supported by drilling down into detail. Focus on providing key indicators, rather than lots of detail.

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