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Business – Top 5 Reports for small business to use
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Published on Tuesday, 29 July 2014 16:26
Reporting is key having control of a business– and here are the Top 5 Reports for small business to use and understand monthly:
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Profit & Loss;
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Balance Sheet;
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Aged Receivables;
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Aged Payables;
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Cash Profit and Loss;
then depending on your needs, other reports can include – Inventory levels or Time billing for Work in Progress, etc adapted to your business.
**Extra Tip: To get the most from your Profit & Loss – use the YTD version, as it gives you the current period eg the month or quarter, the % margins, as well as for the year to date from July with % margins – you can see quickly current and the full year, Gross Profit and Profit margins – all nicely in one report!
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