Understanding the dashboard
The WFM + Xero Profit and Loss Dashboard gives you a detailed view of key financial metrics like Revenue, Cost of Sales, Gross Profit, Other Income, Operating Expenses, and Net Profit, based on your selected filters. It summarises your revenues and expenses over a period to show your business's profitability. You can use this dashboard to visualize and analyse these metrics, compare them to previous years, and assess performance through detailed breakdowns and trend analysis.
Why is it important?
The Profit and Loss dashboard provides you with the following relevant information:
The dashboard provides a clear snapshot of Revenue, Cost of Sales, Gross Profit, Other Income, Operating Expenses, and Net Profit, which are essential for understanding a business's financial health and profitability.
By presenting actual values, percentage computations, and comparisons with prior year data, the dashboard helps identify trends, opportunities, and risks, enabling more strategic decisions for improving profitability and managing expenses.
The ability to filter data and access detailed breakdowns supports effective performance evaluation and trend analysis, allowing businesses to track financial performance over time and make adjustments to enhance long-term success.
Explore the WFM + Xero Profit and Loss Dashboard by clicking through the interactive demo below!
Interactive demo
Dashboard FAQs
What does "% of Revenue" in the Overview tab mean?
The "% of Revenue" shows how a specific financial metric compares to the total revenue of the business. For instance, if Operating Expenses are 20% of Revenue, it means that these expenses make up 20% of the total revenue. This percentage helps assess cost management efficiency and overall profitability by comparing different expenses or income items to the total revenue.
What is the difference between “Overview Tab” and “Matrix Tab”?
Overview Tab: Provides a summary of key financial metrics like Revenue, Cost of Sales, Gross Profit, Other Income, Operating Expenses, and Net Profit. It gives a quick snapshot of overall performance and trends, often with charts and graphs for easier understanding.
Matrix Tab: Offers a detailed breakdown of financial data with specific distributions and filters. It allows for in-depth analysis and comparison of each metric, supporting detailed performance evaluations and trend analysis.