Annual Report NZ Differential

The Annual Report NZ Differential is a collection of Xero reports and notes generated using information from your mapped report codes. This report pack has been designed by Xero for all practices in New Zealand.

Map report codes

Get to the report pack

  1. In the Reports menu, select All Reports.
  2. Select Adviser.
  3. Under Xero report Packs, select Annaul Report NZ Differential.

    Annual Report NZ Differential in the Xero section.

You can also customise Xero's default Annual Report NZ Differential report pack. In My Xero, you can copy it to use as the basis of your own report pack template.
Copy and modify an existing report pack template

Set up the report pack to suit your client

Check each report in the pack. Edit highlighted text, modify or add notes, and set filters as necessary.

Controls and prompts used throughout the reports

You can also insert report fields or schedules.

Add or edit text blocks within report pack layouts

Create report schedules within report packs

To create your own template for a report pack, from the header click the list icon Image showing list icon and select My Xero > Reporting.

Create report pack templates

Once you've set up the report pack, you can save it as a draft, print it, publish it, or export it to Excel, PDF or Google Sheets.

Save, print, publish or export

When you authenticate your connection to Google Drive and export to Google Sheets, a connection is made to your Xero account. You can break the connection at any time.

Disconnect Xero from Google Sheets

Report pack can't be modified or deleted

You can archive, but not delete, Xero's standard Annual Report NZ Differential. You can't edit Xero's template, but you can create custom report pack templates for your practice instead.

From the header, click the list icon Image showing the list icon and select My Xero > Reporting to:

  • Archive the Annual Report NZ Differential template
  • Restore an archived Annual Report NZ Differential template
  • View the Annual Report NZ Differential template.

Archive or delete a report pack template

You can't edit Xero's templates, but you can create custom report pack templates for your practice instead.

Create report pack templates

Reports and the reporting entities they apply to

The reports and the reporting entities which they apply to are shown in the table below.

 CompanyTrust Incorporated Society,
Partnership or
Sole trader
LAQC*
Compilation Report YesYesYesYes
Directors' Report Yes--Yes
Company InformationYes--Yes
Statement of Financial PerformanceYesYesYesYes
Statement of Movements in EquityYesYesYesYes
Statement of Financial PositionYesYesYesYes
Depreciation ScheduleYesYesYesYes
Statement of Accounting PoliciesYesYesYesYes
Notes to the Financial StatementsYesYesYesYes
Minutes for AGMYesYes--
Resolution for Insolvency*---Yes

*Note: Loss Attributing Qualifying Company (LAQC) is a special type of company. To select the LAQC option, please go to the Notes to the Financial Statements and select LAQC under the Company tab. The Resolution for Insolvency will be added as page 10 of your report.

Controls and prompts used throughout the reports

Speech bubble prompt icon

Hover over the prompt icon Speech bubble prompt icon to see the prompt.

Highlighted text

Highlighted text needs editing. Click into the field to open the text editor. A triangle symbol or square brackets indicate a placeholder.

Using the rich text editor

Editing a highlighted note by clicking into the field and typing over the placeholder text.

Grey text

Editing is optional in grey text fields. Click into the field to open the text editor.

Using the rich text editor

Editing grey note field.

Blank fields

When blank grey text blocks are under a numbered heading on a report, you cannot remove the field without removing the heading. Where a heading is removed, a button will appear on screen to enable you to restore it.

Unclassified sections

The Statement of Financial Performance, Statement of Movements in Equity and Statement of Financial Position reports have been defined using report codes. If you have any accounts which should appear on these reports but which have a report code that does not, Xero will insert an Unclassified section. An example of an incorrectly mapped account would be an equity account with a revenue report code.

In this section, Xero will list the accounts which have been incorrectly mapped. Once correctly mapped, this section will no longer appear.

Unclassified section.

Reports within the New Zealand Differential Annual Report

Compilation Report

  • Report Date defaults to the financial year end date as shown under Financial Settings. Use the pop-out calendar to change the date if necessary.
  • Reporting Entity: use the drop-down menu if you need to change the organisation type.
  • Independence drop-down: use this to select if you are or aren't independent of the entity you're reporting on.

Click Update to generate your report using your selected criteria. Do this each time you change the date or other report options.

Directors' Report

  • Report Date: use the pop-out calendar to change the date if necessary.
  • Audit: select 'Yes' or 'No' from the drop-down as appropriate.

Company Information

This is a text-only report. Some text will be highlighted for editing, and others may be filled based on information you have already entered elsewhere. Make any changes or additions as necessary. Save each note you change before proceeding to the next report.

Statement of Financial Performance

This report has the same layout as the Profit and Loss report. Amounts can be drilled into for more detailed breakdowns of each figure.

Tabs allow you to customise your report. Change the format, compare periods, show a date range and (on the main tab) show or hide note references and filter by activity if you wish.

Use the Common Formats tab to select one of the standard format options.

Use the Compare Periods tab to compare a current period with a previous one.

Use the Budget drop-down to select your budget.

Check the Show Total and Show YTD boxes to show total and year to date on your report.

Use the Show Date Range tab to view a date range (From and To). You can compare it with the previous month, quarter, year or period (Compare With); and previous 0 to 11 periods (Compare Periods).

(Optional) On the Main tab, uncheck or check note references on the report.

Use the More options link to filter by activity (if the organisation uses tracking).

Check Cash Basis to narrow your selection to cash basis transactions.

You may see an Unclassified section on this report if there are any incorrectly mapped report codes.
Unclassified sections

Statement of Movements in Equity

Choose a new balance date from the Balance Date drop-down if necessary.

Click any figures to drill into further reports. The back link at the top left of each drilled-down report returns you to the Statement of Movements in Equity.

You may see an Unclassified section on this report if there are any incorrectly mapped report codes.
Unclassified sections

Statement of Financial Position

A drillable report, similar to the Balance Sheet.

  • Balance Date: use the drop-down to select month and year.
  • Compare To: previous year, last year end, previous quarter, previous month or none.
  • Compare Periods: previous 0 to 11 periods.
  • Reporting Entity: you have the option to change your organisation type here again if you wish.
  • Hide (uncheck) or show (check) note references on the report.
  • If the organisation uses tracking, use the 'More options' link to see 'Filter by Activity'.

The Signature section at the bottom is editable. Type directors' names below the lines over placeholder text (Director 1 and Director 2). Save before proceeding to another report.

You may see an Unclassified section on this report if there are any incorrectly mapped report codes.
Unclassified sections

Depreciation Schedule

Report showing depreciation of fixed assets, linking back to items within the Fixed Asset Register.

  • Date: change the month using the drop-down.
  • Show Depreciation as: choose from Actual or Estimated.
  • Show Asset: choose from Name, number, and type; Name and number; Name

Statement of Accounting Policies

A text-only report. Edit and/or remove fields as necessary.

  • Check details on each of the five tabs and change as necessary.
  • Click Update when you are ready to generate the report.

Notes to the Financial Statements

A combination of text reports and tabular information.

  • Replace the placeholder text in highlighted sections.
  • Text can be added to any grey boxes or they can be removed using the 'x' icon on the right. Grey boxes which are attached to headings should not be removed unless you want to remove that section.
  • The Signature section at the bottom is editable. Type directors' names below the lines over placeholder text (Director 1 and Director 2). Save before proceeding to another report.

Minutes for AGM

Fully editable text report.

  • Type over any placeholder text in highlighted sections and edit any other text as necessary.
  • In the signature section, type shareholder/trustee names over the placeholders. There are five signature spaces for shareholder/trustee names - any not needed can be deleted.
  • Ensure you save each text section you edit before navigating away from the screen.

Resolution for Insolvency

Text-only report available for LAQC organisations only. (Determined by your choice in the Notes to the Financial Statements, LAQC drop-down on the Company tab.)

  • Edit any text in the Background section as necessary.
  • Enter shareholder names in the signature section over the '[Shareholder]' placeholders.
  • Ensure you save each text section you edit before navigating away from the screen.

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