Understanding the dashboard
The WFM + Xero Operating Expenses dashboard provides a clear view of your costs that aren’t directly related to producing your products or services. It shows your current operating expenses and allows you to compare them with previous periods. This helps you analyse profitability ratios by identifying trends and changes in your operating costs, leading to better financial decision-making.
Why is it important?
The Operating Expenses dashboard provides you with the following relevant information:
The dashboard offers a clear view of all non-production costs, such as administrative, accounting, and office expenses, allowing businesses to track and control these expenses more effectively.
It enables comparisons of current operating expenses with those from previous periods, helping to identify cost trends and potential areas for cost reduction or adjustment.
By analysing operating expenses in relation to profitability ratios, the dashboard helps businesses understand the impact of these expenses on overall profitability and make strategic financial decisions.
Explore the WFM + Xero Operating Expenses Dashboard by clicking through the interactive demo below!
Interactive demo
Dashboard FAQs
What are operating expenses?
Operating expenses are costs required to run your business but not directly related to producing or delivering your product or service. This includes expenses like accounting fees, insurance, marketing, equipment depreciation, office maintenance, and subscriptions.
How do you calculate the Operating Expenses % of Revenue?
To find the Operating Expenses % of Revenue, divide total operating expenses by total revenue and multiply by 100. This percentage indicates how much of your revenue is spent on operating costs, helping you assess operational efficiency and profitability.
How should I interpret the operating expenses trend analysis on the dashboard?
The Trend Analysis graph shows trends in operating expenses. The "OpEx vs Comparison" view allows you to compare current expenses with previous periods, which you can select next to the graph. The "OpEx as % of Revenue" view shows expenses as a percentage of revenue, with revenue represented by a bar graph for easy comparison.