Xero Certified Advisor Xero Reporting and Financial Analysis 2

Question 1

In Xero, which report would you use to see all transactions posted to a specific account during a period?

Accepted Answer

Account Transactions report

Answer

The Account Transactions report in Xero lists every transaction posted to a chosen account within a selected date range.

Question 2

When comparing budget vs. actuals in Xero, which report displays the variance between the two?

Accepted Answer

Profit and Loss (Budget vs. Actual)

Answer

The Profit and Loss (Budget vs. Actual) report in Xero shows actual figures alongside budgeted amounts and the resulting variance.

Question 3

A Xero user wants to see outstanding invoices grouped by how long they are overdue. Which report provides this?

Accepted Answer

Aged Receivables report

Answer

The Aged Receivables report groups unpaid customer invoices into overdue buckets (e.g., 0–30, 31–60 days).

Question 4

Which Xero feature allows you to save a customized version of a report with specific filters and layouts for repeated use?

Accepted Answer

Custom report (saved)

Answer

Xero lets you save a customized report configuration as a custom report so you can reopen it with the same settings anytime.

Question 5

In Xero's Profit and Loss report, which layout option groups income and expense accounts by tracking category?

Accepted Answer

By tracking category layout

Answer

The 'By tracking category' layout in the Xero P&L report splits results across the tracking categories you have set up.

Xero Certified Advisor Practice Test