In the monthly reporting, what comparison is made?

[Shavkat]

The expected cash flow is typically compared to the actual cash flow once each month as part of the regular monthly reporting. This comparison is essential for finding any potential cash flow abnormalities. If the real considerably differs from the anticipated, it might be necessary to take corrective action, which could involve either a decrease in sales or an increase in spending. Each department's own cash flow estimates should be well understood and known.

 

[relcap23]

When I make my report it is comparing the figures from prior years based on the same period.

 

[nomad]

I do not have to report to anyone. I am the owner as well as the worker. My monthly report consists of two things, one statement of expenses, and two, statement of income

 

[relcap23]

One good thing of owning your business is just look at your bankbook, if it's almost drained then it's time to cut back on some expenses and do prioritising of which must be paid immediately.

 

[Heatman]

I do not have to report to anyone. I am the owner as well as the worker. My monthly report consists of two things, one statement of expenses, and two, statement of income

This is exactly how it is with most people who run their business by themselves because they don't have to report to anyone since they are in total control of everything but it's very good to always have a business record.

 

[Niyi Briggs]

You compare the sales and production or the month with previous months to determine if you are on track of progress.

 

[Heatman]

You compare the sales and production or the month with previous months to determine if you are on track of progress.

This is actually one of the reason why record-keeping is very important in any kind of business because it is what is going to show you exactly what your business performance is like.

 

[Reedex]

The essence of monthly report is to show financial status of the company.

 

[uptrendfinancialsignal]

It is important to make report so that it will enhance the accountability of a company.