It is very important for businesses and corporations alike to keep track of how their companies and businesses are doing. It is typical for business owners such as yourself to want to know if the company that you are running is actually returning a profit or not. It’s a basic necessity and frankly, if you’re a business owner who doesn’t want to know the current status of your business, it would only mean that you don’t give any care. That is why most, if not all business owners are much more inclined to draft and request a business report from their employees and supervisors. It provides them with a clear snapshot of what their company’s current status is and enables them to make decisions that are based on facts and other relevant data. Business reports are not just for the whole company as well, business reports are often used to investigate other issues such as ongoing projects, department plans, sales and tax reports, etc.
Business reports are essential in almost any field of work. These documents contain facts and other relevant information that are needed to make and base decisions off of in a business or company. It has quite a wide range of purpose as well. From pitching and idea, analysis, merger proposal, merger analysis, company compliance, and just about any topic or points of interest that may relate to the nature of your work or company. Writing a business report has got quite a lot of weight in it because most managers and supervisors depend on it as a communication medium in and around the company. That’s why drafting one should be with much care and attention to detail to make sure that the document is comprehensible enough and concise. Especially for reports that cover quite a bit of ground like monthly business reports. To get a better idea of what a monthly business report is, take a look at these samples that we have listed down below for you to study. You can also use these samples as a guide or even as a template for when you want to write your own.
10+ Monthly Business Report Samples
1. Monthly Business Report Sample
2. Monthly Business Management Report
3. Monthly Business Expense Report
4. Monthly Business Operating Report
5. Monthly Business Management Report Sample
6. Monthly Transport Business Report
7. Monthly Business Project Report
8. Monthly Business Licensing Report
9. Printable Monthly Business Report
10. Standard Monthly Business Report
11. Monthly Business Sales Report
What Is a Monthly Business Report?
A business report is an official corporate document that contain facts, raw relevant data and information, research study and findings, or any other form of relevant information that is important for the job or the company. The main purpose of the document is to communicate relevant information briefly and efficiently. Often drafted as a response to an executive request from a manager or supervisor of the company. The report is written in a formal, matter-of-fact manner to be able to convey its contents in a concise yet clear and professional way. This is because the document is largely used for internal communications within the 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 factual information. Objectivity is a rather deciding element here so opinions are largely discouraged.
What Should Be Included in a Monthly Business Report
A business report should be drafted in an abbreviated format that ensures full coverage and comprehensibility when disseminated. It should allow readers to easily navigate the report and quickly identify the key elements that they are looking for. Use headings, sub-headings, bullet points, tables, diagrams, and charts, to effectively communicate the information that you need to present. Business reports can range from a brief couple pages to a hundred pages or more. Depending on the nature of which that your report covers. 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 briefly summarized manner.
- Describe the methodology that you have used in investigating the issues that you have identified.
- List important key points and findings in your report.
- Provide enough details of the whole evaluation process.
- Describe the methodology that you have used to solve the issues that you have investigated.
- Identify particular issues that have affected your current evaluation.
- Include any relevant table, charts, graphs, charts, and diagrams.
- Key findings and recommendations
- Discuss and identify the key findings in your report.
- Make recommendations regarding the findings and the current issue.
- Summarize your findings clearly and comprehensibly. Relate back to the initial issue that the report was intended for.
What can cause a poor report?
Inappropriate writing style. Poor grammar and punctuation. Incorrect or inadequate referencing. Too much, too little, and irrelevant extra material.
Why is a business report important?
Business reports provide useful insights and relevant information for the management to use. Information such as sales, profits, tax, and growth. Reports provide important details that can be used to develop future company forecasts, plans, budget planning, and overall decision making.
What are the parts of a business report?
Formal business reports often include these 4 main components; Introduction, Discussion, Recommendations, and Conclusion.
Although this article only provides a rough idea of how to set out an annual business report, it should already be more than enough for you to get started. The overall format and presentation largely depend on the nature of the circumstances that you and your company is currently working with. These factors may give you several ideas of what should and what should not be included in your monthly business report. If unsure, it is best to consult your management.
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