Why Your Xero Balance Sheet Looks Wrong (and How to Fix It Quickly)

Does your Xero Balance Sheet show accumulated totals instead of amounts for the current period?
In this step-by-step tutorial, I show you how to quickly fix the default Xero Balance Sheet so it displays Drawings, Funds Introduced, or Owner’s Current Accounts for the period only — not all-time totals.

Whether you’re a sole trader, partnership, or limited company, this Xero reporting tip will help you set up your Balance Sheet layout correctly, making your reports clearer and more accurate.
In this video you’ll learn:

Why Xero shows accumulated totals on the Balance Sheet by default
How to group accounts like Drawings, Funds Introduced, Directors Loan, and Shareholder Accounts
How to use the “Opening Balance” setting to show current period amounts
How to rename lines for clearer reporting
How to move account groups to top-level in the Balance Sheet

✅ Perfect for small business owners, bookkeepers, and accountants who want accurate period-based reporting in Xero.


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Related videos:
▶️ Create budgets in Xero:    • How to Create Budgets in Xero  
▶️ 2 ways to customise reports in Xero:    • 2 ways to customise reports in Xero  
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🕔 Timestamps 🕔
00:00 My Balance Sheet doesn’t look right
00:35 Why Xero shows accumulated totals
01:02 Grouping owner’s accounts in Xero
02:02 Using the “Opening Balance” option
02:29 Renaming balance sheet lines
02:51 Moving groups to top-level
03:20 Final result
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