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In this presentation, we will generate and analyze month-end reports by utilizing Xero after entering data for the first month of operations. These reports will include the income statement (profit and loss), balance sheet, and a transaction detail report. We begin on the Outward Get Great Guitars dashboard, navigating to the accounting drop-down to access the balance sheet report. Once generated, we duplicate the tab for future reference. Next, we open the income statement report, again using the accounting drop-down, and duplicate that tab as well. This process sets the foundation for our comprehensive report analysis for the month.