Top Business Reports

The top business reports may mean different things at different companies.  

Since business terminology often is used loosely, let’s look at definitions.  Then we can explore each in more detail.

Reports:

• Business Plan -  Long-term plan for a company.  This should be very detailed with annual sales and expenditures.  It will also plan new capital purchases, cost cutting initiatives, growth plans, etc

• Budget - An annual plan.  It will have sales and expenses by month.

• Forecast – Sales and expenditures for a month.

• Flash Report – Monthly flash that is updated each week to give management an idea of how close the month will be to plan.