It is particularly important for businesses and corporations alike to keep track of how their business is doing. Of course, a business owner such as yourself would want to know if the company that you’re running is actually returning a profit or not. It’s a simple necessity and frankly, not wanting to know the status of your own business would just mean that you don’t give a care. That is why most if not all business owners are much more inclined to draft and request a business report from their appointed supervisors. It gives them a clear snapshot of what their company’s current status is and lets them make decisions that are based on facts and relevant data. And not just for the whole business as well, business reports are often used to look into other scales of issues such as ongoing projects, department plans, and etc.
Business reports are needed in almost all fields of work. These documents contain facts and relevant information that are used to make and base decisions off in a business or company. It has quite a lot of purpose as well. From pitching an idea, analyzing said idea, proposing a merger, analyzing said merger, company compliance, and just about any topic or points of interest that is related to your work or your company. It has a lot of weight into it and most managers depend on it for a communication medium in and around the industry. That’s why drafting one should be with enough care and attention to detail to make sure that the document is comprehensible and concise. Especially for reports that cover a lot of ground like annual business reports. To get a better idea of what an annual business report is, take a look at these samples that we have listed below for you to review. You can then use these samples as guides or templates for when you want to write your own annual business report.
8+ Annual Business Report Samples
1. Annual Business Report Template
2. Business Annual Report Template
3. Annual Business Taxation Report
4. Domestic Business Annual Report
5. Local Annual Business Report
6. Corporate Business Annual Report
7. Small Business Annual Report
8. Annual Business Operations Report
9. Business Corporation Annual Report
What Is an Annual Business Report?
A business report is an official corporate document that contain factual information, statistical data, research and study findings, or any other form of relevant information that is important for the job or the company. Its main purpose is to communicate relevant information briefly and efficiently. Often drafted as a response to an executive request or a supervisor of the company. The report is drafted in a formal, matter-of-fact manner to be able to convey its contents in a concise yet clear manner. This is so because the document is largely used for internal communications within the operations of a company, and they have to make sure that it remains easily comprehensible yet still professional. It often takes the form of a memo with an attached report, and the contents should be supported by data and facts. Objectivity is a major element here so opinions are largely discouraged.
What Should Be Included in an Annual Business Report
A business report should be written in an abbreviated format that ensures full coverage and comprehensibility. It should allow readers to easily navigate the report and quickly identify key elements. Use headings, sub-headings, bullet points, tables, and diagrams, to effectively communicate the information that you need to present. Business reports can range from one to two pages, to a hundred pages or more. Depending on the nature and the timeframe which the report covers. Annual business reports are sure to reach that kind of scale as it is already expected to cover a lot of things. A business report, regardless of scale and type, will usually include the following five elements.
- Table of contents
- The table of contents of your report should be arranged according to the headings and sub-headings that you have utilized in your report.
- Effective summary
- State the purpose and goal of your report in a brief summarized manner.
- Describe the methodology that you have used in investigating the issues at hand.
- List important key points and findings in the report.
- Provide enough details of the whole evaluation process.
- Describe the methodology that you have used to sole the investigated issues.
- Identify particular issues that affected the current evaluation.
- Include any relevant tables, charts, graphs, and diagrams.
- Key findings/recommendations
- Discuss and identify the key findings of your report.
- Make recommendations regarding the findings and the current issue.
- Summarize your findings properly. Relate back to the initial issue that the report was intended for.
What are the parts of a business report?
Formal reports often contain these main components. Introduction, Discussion, Recommendations, and Conclusion.
Why is a business report important?
Business reports provide useful insights and information for the management such as information on spending, profits, and growth. Reports provide important details that can be used to develop future forecasts, plans, budget planning, and improve overall decision making.
What can cause a poor report?
Inappropriate writing style. Poor grammar and punctuation. Incorrect or inadequate referencing. Too much, too little, and irrelevant material.
Although is only provides a rough idea of how to set out an annual business report, it should be more than enough to get you started. The overall format and presentation of the document really depends entirely on the nature of the circumstances that you and your company are working with. These factors may or may not have ideas of what should be included and what should be redacted. Always consult your management or other supervisors if unsure.
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