Recording Statistical data
Xero should be having a feature Statistical GL where one can enter statistical information or numbers which are vital for analyzing business trends.
For example, If I am maintaining books of a restaurant and I want to record daily covers (footfall or number of customers) which can help me analyze revenue per cover, spend etc.
There should an option to create some designated ledgers to input and maintain these statistical information which does not affect any financial statements but can be used for business performance analysis.
Utsav Dave
shared this idea
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Glenn Stagg
commented
The ability to b able to add statistical data will grow in importance as we move more into environmental reporting requirements under Scope 3 rporting as part of responsible ESG reporting. Past software packages such as Solution 6 had this capability, but such ability appears to have "gone by the wayside" in modern applications.
It would be valuable to have such capabilities reintroduced into Xero (please). -
Vuong Ho
commented
I’m wondering if Xero is working on setting up the recording of statistical data for the business. This functionality is very important for our hospitality operations.