This document facilitates the comparison of budgeted expenses with actual expenditures.
Demonstrates outstanding payments owed by clients and customers.
* Balance Sheet – Displays assets, liabilities, and equity at a specific time.
* Income Statement – Summarizes revenue, expenses, and profits over a period.
* Cash Flow Statement – Monitors cash inflows and outflows to assess liquidity.
Management reporting is a source of business intelligence that helps business leaders make more accurate, data-driven decisions. But, these reports are only as useful as the work that goes into preparing and presenting them.
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