Financial Report Examples For Monthly Statements & Reports

The balance sheet lists assets on one side and then lists liabilities and equity on the other side for comparison. Maintaining an efficient, productive work environment, and ensuring that you can identify any employee discrepancies or issues is critical to being proactive about business growth. Monitoring employees working hours and productivity levels can help you detect potential staff errors quickly, control these errors, and avoid negative impacts on your financial results at the end of the day, and ultimately, the month. The Vertex42™ collection of financial spreadsheets includes templates designed specifically for small business owners.

• First, we see the income statement that starts by calculating the gross profit which is obtained by subtracting your total revenue from your COGS.
• This particular financial statement template provides you with an overview of how efficiently you are spending your capital while providing a snapshot of the main metrics on your balance sheet.
• Monitoring employees working hours and productivity levels can help you detect potential staff errors quickly, control these errors, and avoid negative impacts on your financial results at the end of the day, and ultimately, the month.
• It is important to understand that the cash flow statement does not account for all expenses or revenues.
• It can keep you apprised of all the requisite data management used to track and measure potential errors, internal production, revenue loss, and receivables’ status.

As a result, your overall efficiency will become flawless, and you’re likely to enjoy healthy growth in your year-on-year profits. Equipped with financial analytics software, you can easily produce these daily, weekly, monthly, and annual reports. They will provide your company with the insights it needs to remain profitable, meet objectives, evaluate your decision-making processes, and keep everyone in the value chain on track.

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If you’re creating an internal report just for the finances department, it would make sense to include financial jargon and data that, otherwise, would create challenges for external parties to follow. It is important to understand that the cash flow statement does not account for all expenses or revenues. The graphs in the template give a view of the distribution of operational expenses and revenue of that month. You can use it to identify areas to optimize, reduce costs, and increase profits. Continuing on our previous point, after specifying the financial statement and metrics you want to add, it’s time to include visuals.

Financial forecasting is the process of using predictive analytics technologies to generate accurate predictions about future performance. This is done by analyzing a mix of historical and current data and finding patterns that can help organizations make better decisions. The Balance Sheet lists assets on one side and liabilities plus equity on the other side so you can see how much money is left over after considering all debts owed by your company or person(s). After downloading the Excel template, input the information in the tab named ‘data’, and you are ready to go.

Company Monthly Management Report Samples

CFOs are strategic business partners and play an essential role in ideating and implementing business strategies. However, their role as a traditional CFO still remains, and they need to monitor financial KPIs and build robust and agile roadmaps for the business. This monthly financial report template overviews the critical KPIs for the finance & accounting teams. Last but not least, the cash flow statement (CFS) portrays how much money entered and left the business during a particular time period. It basically measures how well the company manages to generate cash to pay debt obligations and cover operating expenses.

It is important to consider that an income statement will not tell you more detailed information about your finances such as how much money your company has in total or how much debt you have. For this purpose, there is another type of document called a balance sheet and we will see it more in detail in our next financial statement example. An income statement, also known as a P&L, is one of the most powerful examples as it gives you a detailed snapshot of your company’s financial performance and tells you how profitable your business was in a specific period of time. This is why we still mention them and provide examples of what can be tracked and analyzed every day, but for a long-term view, you should take a look at our annual, weekly, and monthly reports. The monthly ones are on top illustrated with beautiful data visualizations that provide a better understanding of the metrics tracked. Create and maintain your own personal financial statements, including a balance sheet for calculating net worth and a cash flow statement for budgeting.

Billing Statement Template ▶

It is also used by investors to estimate how much money they can make by investing in your company’s shares based on past performance and projected earnings growth over time. For example, you can schedule your financial statement report on a daily, weekly, monthly, or yearly basis and send it to the selected recipients automatically. Moreover, you can share your dashboard or select certain viewers that have access only to the filters you have assigned. Finally, an embedded option will monthly financial management report template enable you to customize your dashboards and reports within your own application and white label based on your branding requirements. You can learn more about this point in our article where we explain in detail the usage and benefits of professional white label BI and embedded analytics. This particular financial statement template provides you with an overview of how efficiently you are spending your capital while providing a snapshot of the main metrics on your balance sheet.

• Data-driven, dashboard reporting is the way forward, and if you embrace its power today, you’ll reap great rewards tomorrow and long into the future.
• For example, you can schedule your financial statement report on a daily, weekly, monthly, or yearly basis and send it to the selected recipients automatically.
• We’ve explained how to write a financial report, examined the dynamics of a monthly, daily, and weekly financial report template, and explored examples relating to specific areas of the business with their related KPIs as well as some key benefits.
• To be able to effectively manage all your finance reports, you will need professional tools.
• By covering every aspect of financial affairs with the help of specific KPIs, businesses can ensure constant growth and revenue.
• Managing a business may seem like a job that you can handle by yourself because this how we see a lot of businesses.

If you are in need of health-related monthly report, then the sample report template we have above is the one you need. This template is available in Excel which allows you to add conveniently add and remove data as necessary, especially if you’re dealing with a bunch of numbers. Excel also allows you to make presentable graphs and charts in your report writing if you need to. CFOs need to track various metrics to monitor the business’s financial health. This template is a dashboard showing all the essential KPIs and graphs CFOs should keep an eye on. Financial reporting practices help your business obtain a clear, comprehensive overview of where your company is at, and where you should plan on going.

How can I use the insights from this Excel-based monthly report template?

By monitoring these metrics you can understand at a quick glance if your business is liquid or not. These financial reporting examples offer a more panoramic view of an organization’s economic affairs, serving up elements of information https://bookkeeping-reviews.com/ covered in our daily and weekly explanations. By offering the ability to drill down into metrics over a four-week period, the data here is largely focused on creating bigger, more long-term changes, strategies, and initiatives.

Now we will look at an example of an interactive annual dashboard in the shape of an income statement comparing the actual vs forecasted performance of an organization. A template that you can apply to almost every business across industries, this incredibly insightful tool is pivotal to maintaining a healthy, continually evolving financial profile. The first portion of this dashboard examines the current ratio which is simply the ratio between your current assets and liabilities. This metric demonstrates the flexibility your company has in immediately using the money for acquisitions or to pay off debts. A really healthy current ratio would be about 2, to ensure your company will be able to pay current liabilities at any time and still have a buffer. Alongside this metric is the quick ratio which is similar to the current ratio except it takes into account only the near-cash assets, meaning all assets that you can convert into cash quickly such as equipment or furniture.

Financial Statements

We saw some powerful financial statement templates to empower your business, but before finishing our journey through these tools, we are going to show you some of the main ways in which your business could benefit from them. A robust finance report communicates crucial accounting 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 helps you measure your results, cash flow, and financial position.