Have you ever been asked to create a business report but felt confused about where to start? Don't worry, this article will discuss examples of business reports and how to create them.
Business reports are important because they are one of the ways to measure overall business performance. From sales performance, profit/loss, to market trends. These reports are very useful for business owners, investors, and internal business parties to make strategic decisions.
Although important, creating a business report can be very confusing if you don't know where to start. Keep reading this article to find out examples of business reports and how to create them.
Example of Business Report
Here is an example of a business report that can be used as a reference:
Financial Report
A financial report is a document that contains information about the financial condition of a business. The financial report consists of three main parts: the income statement, balance sheet, and cash flow statement.
The income statement provides an overview of the business's revenue and expenses, the balance sheet provides an overview of the business's assets, liabilities, and equity, while the cash flow statement provides an overview of the business's cash inflows and outflows.
Read: 7 Easy Ways to Create Financial Reports for Beginners
Sales Report
A sales report is a document that contains information about a business's sales. The sales report consists of several parts, such as a sales summary, a list of sold products, and a list of customers.
The sales summary provides an overview of the number of sales and revenue, the list of sold products provides an overview of the most popular products, while the list of customers provides an overview of the customers who most frequently purchase products.
Marketing Report
A marketing report is a document that contains information about a business's marketing strategies. The marketing report consists of several parts, such as market analysis, competitor analysis, and marketing plan.
Market analysis provides an overview of the desired business market, competitor analysis provides an overview of business competitors, while the marketing plan provides an overview of the marketing strategies that will be implemented.
How to Create a Business Report
Here are the steps to create a business report:
Determine the Purpose of the Report
Before creating a business report, first determine the purpose of the report. Will the report be used to monitor business performance or to apply for a bank loan? The purpose of the report will influence the content and format of the report.
Determine the Contents of the Report
After determining the purpose of the report, determine the content of the report. The content of the report should include information necessary to achieve the purpose of the report. For example, if the purpose of the report is to monitor business performance, the content of the report should include information about finance, sales, and marketing.
Choose the Report Format
After determining the content of the report, choose the format of the report. There are several common report formats, such as table reports, graph reports, or text reports. Choose a format that matches the content of the report and the purpose of the report.
Gather Data
After determining the content and format of the report, gather the necessary data to create the report. Make sure the data collected is accurate and relevant to the content of the report.
Analyze Data
After collecting data, analyze the data to obtain useful information. For example, if creating a financial report, analyze the income statement to determine the largest sources of revenue and expenses.
Create the Report
After collecting and analyzing data, create the report according to the determined content and format. Make sure the report is easy to read and understand.
That's a review of examples and how to create financial reports. It can be said that creating a business report is not easy. However, if you are looking for a way to create financial reports quickly and easily, you can try using the Opaper app! This app can help you create financial reports easily without the hassle of starting from scratch.
Opaper provides various features that make it easy for you to create financial reports, from compiling balance sheets, income statements, to cash flow statements. In addition, you can customize the report format according to your business needs. The app is very user-friendly, so even if you have never created a financial report before, you can definitely use it easily.
With Opaper, you no longer need to spend hours manually creating financial reports. You can save time and energy to focus on other important things in running a business.
So, what are you waiting for? Try the Opaper app now and create your business's financial reports quickly and easily!