Build the report once. Set up profit and loss (P&L), balance sheet and key ratio views in a standard layout. Each month the same report refreshes with new data instead of being rebuilt from scratch.
Keep every number consistent. Gross margin, operating expenses and earnings before interest, taxes, depreciation and amortization (EBITDA) are defined once, so the figures in the pack match the figures in every other report.
Share it on a schedule. Reports refresh on a set schedule and can be shared with the people who need them, so stakeholders get the same view at the same time each month.
What you can track
- Profit and loss (P&L) by month and year to date
- Balance sheet summary
- Gross margin and net margin
- Operating expenses by department
- Month-over-month and year-over-year comparisons
- Key ratios such as current ratio and quick ratio
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