Based on the information being entered and reconciled in an accounting software package, we will provide you with monthly or quarterly management reports to include:
- Income Statement (Profit & Loss)
- Balance Sheet
- Cash Flow Report
- Accounts Receivables due and Aging Report
- Accounts Payables due and Aged Vendor Report
Information presented in a customized .pdf with colored graph charts & explanatory notes.
Do you have real-time awareness and data? Do you think holistically about data? Is all your data historical or do you use your information to gain insight needed to keep pace with change and growth opportunities? The answer to these questions and the ones that follow will tell you whether or not you could use some help with management reports.
Is there a faster way to get something done? How do you even collect meaningful data? How do you analyze it to gain the upper hand into your business? Your data tells a story before anyone even knows about it, and it is stacking up all around you: customer support data, CRM system data, billing system, general ledger.
A company’s management reports are used to share insights and drive improvements. Transparent information leads to quicker decisions about what the numbers are telling you in a streamlined and powerful manner. No company can afford to underutilize their information. There are strategies for optimizing your management reports to make your data work for you.
- Use technology and data analytics
- Combine data from multiple sources to reveal strategic insights
- Adopt a data visualization tool
- Choose the right visualizations
- Set up a central place to bring data together to better cross examine it.
- Product sales data
- Number of customers
- Customer growth
- Review accurate and timely metrics weekly
- Consider specific KPI’s and their relations
- Working capital
- Operating cash flow
- Return on equity
- Net profit margin
- Expense management
- Rate of contact
- Rate of follow up contact
- Clicks from Sales follow up emails
- Usage rate of marketing collateral
- Opportunity to win ratio
- Human resources
- HR turnover
- Actual vs budgeted cost of hire
- Average interviewing costs
- Female to male ratio
- Average training cost per full-time employee
- On-time final delivery
- Inventory accuracy
- On-time shipping
- Order accuracy
Businesses need the reliability of frequent financial reports to gain a better grasp of both their current and future financial status. They can empower you to take a proactive approach about the management of finances and help.
A robust finance report communicates crucial financial information that covers a specified period through daily, weekly, and monthly financial reports. These are powerful tools that you can apply to increase internal business performance. A data-driven finance report is also an effective means of remaining updated with any significant progress or changes in the status of your finances, and help you measure your financial results, cash flow, and financial position.
Here, we will look at these kinds of reports in greater detail, delving into daily and weekly reports, but focusing mainly on monthly financial reports and examples you can use for creating your own statements and reports, which we will present and explain later in the article alongside their relevance in today’s fast-paced, hyper-connected business world.
Finance professionals today do not simply take care of the numbers. We are counted on to help unlock the power of data which helps increase long-term profitability.