Creating P&L

Is Your P&L a Puzzle? Connectorly Holds the Missing Pieces

by Xero and Power BI connector

When you run a business, you know how important it is to keep track of your financial performance. One of the most useful tools for this purpose is a profit and loss statement, also known as an income statement or a P&L. A profit and loss statement shows you how much money your business made or lost in a given period, usually a month, a quarter, or a year. It also helps you identify the sources of your income and expenses, and how they affect your bottom line.

 

Creating a profit and loss statement can be challenging, especially if you have multiple revenue streams or complex cost structures. The built-in reports are usually really good, but they have their limitations. You have a P&L in Xero, but your options are limited.

That’s why you need Connectorly. Connectorly is designed to make your life easier by automating the process of creating and updating your P&Ls. Using the rich functionality of Microsoft Power BI, you have lots of options to change and customise your reports.

You can connect your Xero to Power BI with Connectorly, and it will automatically generate the Connectorly Xero data model that extends your reporting capability. You can also customise your P&Ls by adding or removing categories, adjusting time periods, and applying filters. Connectorly will then generate a detailed and accurate P&L for you, and you can create charts and graphs to help you visualise your data.

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Effortlessly Generate Profit And Loss Reports In Power BI Using Xero Data!

With Connectorly, you can also compare your P&Ls across different periods, projects, products, or locations. You can see how your income and expenses change over time, how profitable each aspect of your business is, and where you can improve your efficiency and profitability. You can also export your P&Ls to PDF, Excel, or CSV formats, or share them with your team members, investors, or advisors using Microsoft Power BI. Connectorly helps you stay on top of your financial performance and make smarter decisions for your business.

If you want to learn more about how Connectorly can help you create and analyse your profit and loss statements, visit our website today and sign up for a free trial. You’ll be amazed by how easy and convenient it is to use Connectorly for your P&L needs.

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Download our P&L template

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Automate the exact outstanding amount in Microsoft Dynamics 365 and Xero

by Microsoft Dynamics 365 and Xero Connector

With a plethora of technology at our fingertips, balancing consumer amounts in every financial tool is itself a challenging and time taking task. Proportionally 24% of Microsoft Dynamics 365 users generally process their payments by Xero.  

At the same time, each software provides an innovative intelligent system from purchase orders to invoicing. At the same time, Connectorly has automated more than 1500 Companie’s CRM who use Microsoft Dynamics 365 and Xero. We have seen it is completely safe and low cost which not only manages to account but a lot more.  

This paper tech explains why it is compulsory to show the outstanding amounts in every account application at the same time. Microsoft Dynamics 365 adapts and innovates CRM while Xero is termed a powerful online accounting via decentralized technology at a low cost. Imagine managing both applications manually while you must process daily 100s of invoices, having said that Connectorly is a no-code solution to integrate your business software.  

The amount owed and overdue in Xero 

While the amount owed and overdue is available in the accounts and contacts in Xero, it must go back into your books and CRM to manage your backend supply system. After Installing Connectorly You can view the total amount due in the same area as the amount owed, which is an effective and time-savvy solution. 

How does tension arise in the case of outstanding invoices? 

Lack of communication between customer and supplier is the root cause of tension surrounding payments and unpaid invoices. However, customers will typically adopt an insular stance when they feel cash flow problems. Imagine being a customer and you get an overdue payment that is not assigned as payment terms. If they find themself in this position in most cases, it gives a dent in company relations and image.  

Moving forward with account automation  

Automation changes the way you do business; it makes more sense and reduces the administrative time for you. Things like recurring invoices require assistance and more time to make more sense for your business. Connectorly empower and help them to pay you quicker.  

When you are a business owner and you can hardly manage time for approving the invoices. It requires more time and energy to keep track of them. Automating your financial tools is a remote-based solution for companies that keep an eye of the tiger on your dashboard.  

Conclusion 

Accounting plays a significant role in running a successful business. So, do not make it harder for yourself and start using solutions like Microsoft Dynamics 365 and Xero instead of using old methods which cause you more problems. 

Instead, invest in cloud accounting software that will:  

  • That will give you time for billable work
  • Helps you to prepare for tax season 
  • Grow your business much better 

 

Create  Connectorly as your Finance Manager 

While it is important to pay on time, without having a hardline approach to clear your outstanding amount. Connectorly is a powerful, no-code, and instant way to automate both amounts owed and overdue in Microsoft Dynamics 365 as same in Xero.  

Find out more about Connectorly and how we can integrate it into your business workflow.