Business Activity Report
The Business Activity Report offers a comprehensive overview of business operations, key financial metrics and profitability indicators based on the information provided by Fergus and Xero. This report is a valuable tool for analyzing your business's performance and identifying areas of improvement.
Please Note: If your account is connected to MYOB, or if your account is not linked to any accounting software, the information on this report will be sourced from Fergus.
Generating the Report
To start using the Business Activity Report, first make sure to select whether you’d like to view data for a 6 or 12-month period. Then, choose your ending month and click ‘RUN’ to generate the report. The report will be automatically generated and displayed on your screen.
Please Note: You can download the report for the selected time period as a CSV file.
Report Contents
The Business Activity Report highlights key data on labour, materials, invoicing, and payments for the selected historical period. This information can help you understand your business's financial health and identify any areas that may need attention. The information on this report comes from the information entered on Fergus and Xero. The accuracy of the report depends on correctly mapping your Xero account to the appropriate Fergus accounts. It is essential to ensure that your accounts are accurately mapped to obtain the most reliable information for the report.
The Business Activity Report will give you information on the following:
Activity in Xero ( if connected to Xero)
Summary
Labour Activity
Labour
Materials
Invoicing
Payments
Work in Progress
Customizing the Report
To make the Business Activity Report more customizable, you can adjust the information displayed in each section by clicking the cog icon next to it. This will allow you to select which data points you want to include in the report, giving you a more tailored view of your business's performance.
Conclusion
The Business Activity Report is a powerful tool for analyzing your business's operations and financial metrics. By regularly reviewing this report, you can identify areas for improvement and make informed decisions to drive your business's success.