What is the purpose of the Journal Report in Xero?

The Journal Report in Xero serves the essential function of providing a detailed view of the entries made in the general ledger. This report effectively consolidates all the journal entries, allowing users to analyze the financial transactions that affect the accounts. By examining the journal entries, users can better understand how various transactions impact the overall financial position of the business, as it includes crucial details like the date, description, and amounts involved. This comprehensive view is vital for accountants and business owners when reconciling accounts or preparing for audits.

While other options mention viewing individual transactions, creating new journals, or deleting entries, these are not the primary purpose of the Journal Report, which focuses specifically on documenting and summarizing the movements in the general ledger.