A new Xero dashboard to elevate your advisory services

LAST UPDATED: Sep 24, 2024

As a busy accountant or bookkeeper, we know you don’t always have time to go through each client’s books to proactively identify issues or opportunities. That’s why we’re thrilled to share that we’ve been testing a new client insights dashboard for advisors, which gives you a snapshot of the financial health of all Xero business edition clients, in one place.

Client insights makes it easy to run your eye down the page and quickly see how your clients are tracking overall, and which ones might need your attention. If you spot something that looks like it might need more analysis, you can dive into the client’s individual organisation from the dashboard, and get to work.

The dashboard will be available to all Xero partners globally, and rolled out over the next couple of weeks. We’re releasing it now so you can enjoy all the value it currently offers, but have big plans to enhance it with more functionality next year. We’d love to know what metrics you’d like to see in the future — let us know over at Xero Product Ideas.

Get a snapshot of your clients’ financial health

We’re releasing client insights with key financial metrics for the current month, and will continue to enhance the dashboard based on your feedback. Our next priority (based on our testing with Xero Insiders) is to add more financial metrics and date ranges, so you get even more value from the dashboard. Right now, you can:

• Identify concerns or opportunities: Quickly identify clients that need attention, by viewing key financial indicators for all Xero business edition clients in one place
• Easily view key financial metrics: See clients’ overall cash balance (in Xero), accounts receivable, accounts payable, current ratio, revenue, expenses, net profit and industry
• Dive deeper into the data: Sort, filter, drill down, and work efficiently with your clients’ data, all within Xero
• Have confidence in the numbers: View the status of your clients’ bank reconciliation, including the date, value and number of unreconciled items
• Enhance client conversations: Use Xero Analytics in client conversations, so they can monitor and keep track of business metrics themselves

Use Xero to scale your advisory services

We know that many advisors want to grow their advisory services, but struggle with the time, confidence, and ability to engage clients. Client insights not only gives you the data you need to start those conversations, but gives those less experienced in advisory services the confidence to go beyond the billable hour, so you can scale advisory across your practice.

As advisory moves toward being an essential service for all small businesses, we hope this tool frees up your time to focus on high-value work and gives you the confidence to take your advisory services to the next level. I encourage you to jump in and give client insights a try — we can’t wait to see what you think.