Getting Started Jeff Zie
Getting Started Guide
Recount is an elegant, well laid-out, clear and concise financial health-check. It neatly examines a company’s key financial performance metrics and presents them as easy-to-read English-language explanatory text, indicators, comparatives and ratios. You can try it out for free for 30 days if you sign up for the Free Trial.
Recount’s comprehensive reporting function has several advantages:
• It gives your business a health-check at the push of a button
• It provides the detail you need in language you understand
• It helps you make the right decisions for your business
• It can help your relationships with your finance and accounting partners be more efficient
Unlike other reporting packages, Recount does more than nicely presented graphs. It gives the story behind them, highlighting the most important things happening with your business. Recount looks at your business through the data you already have in Xero or QuickBooks Online, and takes the hard work out of interpreting what that data means.
This Getting Started Guide will help you set up Recount with your financial data and walk you through the important features. It covers:
• Signing up and Logging In
• Connecting to Your Organisation in Xero or QuickBooks Online
After you sign up, you will be prompted to connect Recount to your organisation in Xero or QuickBooks Online:
Click on the relevant ‘CONNECT’ button to proceed to Xero or QuickBook Online’s websites, where you can authorise Recount to access your financials in Xero or QuickBooks.
If you Chose Xero, choose the organisation that you want to use in Recount, then click ‘Authorise’:
This will redirect you back to Recount, which will immediately start analysing your financials so that it can write reports for your business. This process will take between seconds and minutes to complete. Recount will then display your Recount Home page.
If you Chose OuickBooks Online, click ‘Authorize’ in the Authorization screen:
On the next screen, choose the organisation that you want to use in Recount, then click ‘Authorise’:
The Recount Home page gives you an overview of the health of your business. This is the first screen that is shown after logging in, and serves as the launch-pad from which you can access the various reports and features of Recount, including more details on cash, revenue, operating expenses and receivables.
Click the Recount logo or the Home button on the user menu to return to the Recount Home page from anywhere in the application.
Choose the ‘Report Date’ selector to select the date you want to generate reports for your business.
The Revenue Report contains an analysis of month-to-date results compared to revenue in the previous month, and a breakdown by customer and product. It shows how your year-to-date revenue compares with the previous year and also shows a revenue forecast for end of current financial based on current year trend and based on previous year revenue:
The Operating Costs Report details month-to-date expenses compared against expenses for the same period in the previous month. It also shows top expense accounts and an analysis of the largest month-on-month changes to expenses:
The Management Accounts shows a concise and clear Profit-&-Loss and Balance Sheet variance analysis, against prior period. Key indicators of your business are also demonstrated and a Statement of Cash Flow report is coming soon:
The Account Mapping section within “Settings” is where you can relabel how your accounts display in Recount reports. Additionally, you can re-map chart of accounts (for reporting purposes) from Xero or QuickBooks to the calculations in Recount:
All the reports in Recount are generated per the results in your accounting system as at the selected report date. To change the report date at any time, click on the “Report date” field, select the desired date from the calendar, and click on the “Refresh” button:
You can share reports by exporting them as Word documents. Click on the WORD button at the bottom of any page to download your report:
Recount will assemble all reports (Health Check, Revenue, Cash, Expenses, Receivables) into one comprehensive report. From here you can reformat, re-design and print when needed from the usual methods in your operating system.
If you wish to export a specific report, you can do that from the analysis report page.