Accounting & Reporting

7 Financial Reports Every Growing Business Should Review Monthly

The right monthly reporting pack turns accounting data into a management system. These seven reports cover profitability, liquidity, working capital and forward planning.

7 min readAcuity Advisory Limited

1. Profit & Loss

Shows revenue, direct costs, gross profit, operating expenses and profit for the period. Compare against prior periods and budget.

2. Balance Sheet

Shows what the business owns, owes and has invested. Pay attention to receivables, payables, inventory, loans and taxes.

3. Cash-flow report

Explains cash movement and helps separate profit from liquidity.

4. Receivables ageing

Shows which customers are overdue and where collection action is required.

5. Payables ageing

Shows upcoming supplier commitments and helps protect supplier relationships and cash planning.

6. Budget vs actual

Highlights where performance differs materially from plan so management can investigate early.

7. Rolling forecast

Extends the view forward and shows what is likely to happen if current assumptions continue.

This article provides general business information and is not tax, legal, investment or other regulated professional advice for a specific situation. Requirements can change; obtain advice based on your facts where appropriate.