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Xero's improved management report provides in-depth insights into a business's financial performance through six default reports. The Executive Summary gives an overview of key metrics like cash, profitability, and financial position, allowing users to filter by key indicators and compare balances with past periods to identify trends. A variance column shows percentage changes, with arrows illustrating the direction of those changes. Other reports include the Cash Summary, detailing cash inflows and outflows; the Income Statement (Profit and Loss), highlighting financial performance; the Balance Sheet, representing the financial position; and the Aged Receivables and Payables Summary, indicating amounts owed by customers and to suppliers, along with the duration those amounts have been outstanding.