Streamlining Financial Reporting for Business Owners

Focus your attention on a point in time. This means pay attention to YTD results. The month just ended is history.

It is time to modernize the P&L analysis and help business owners start a forward-thinking process to address negative trends.

Here is the P&L format The Analyst uses for clients:

Financial Reporting

Click here to download this P&L Analysis format.

Financial Reporting Simplified:

This format captures all that is needed for the business owner to start formulating actions to be taken to address negative trends. There is no accounting software reporting package that provides this format. The information needed is in several different reports in the system and includes the following:

  1. YTD compared with prior year.
  2. YTD compared with budget.

This information has to be exported from the accounting system to Excel, and then keyed in to this format. Once you have the line items set up and the formulas to calculate variances and common size %’s, it does not take long to populate the format with YTD actuals compared with budget and prior YTD.

For next month, you save the above analysis to a new file, and update the numbers for the new YTD; formulas remain the same.

As an analyst, you should highlight those items you believe should be looked into, or at least make the owner aware of.

If you all insist on seeing monthly P&L results, then export the “Month to Month P&L’s” to your Excel analysis file for reference. The Analyst does that as a matter of record and will highlight certain items that may be pertinent to YTD variances.

Keep in mind your focus is on a point in time, i.e., YTD. The forward-thinking process addresses two things:

  1. If the budget variance is negative, what action could be taken between now and year-end to improve the trend?
  2. The same question applies to negative variances between this YTD and the prior year.

3 Ways I Can Help You With Your Financial Reporting:

1. Customized P&L Analysis Offer

As an Analyst, you may choose to be the analyst for your business owner, or client. The P&L analysis format I have provided here is yours for the taking. Good luck and may you enjoy much success with this financial tool.

As a Business Owner, you may wish to use the services of The Analyst for only as long as needed. Your cost will be: $375

You will receive your customized P&L Analysis with your line items loaded with your YTD numbers and budget numbers together with variances and common size %’s; plus highlighted items that I believe warrant your attention (or reminder).

  • For each succeeding YTD analysis that you request. This YTD P&L Analysis will be fully loaded with highlighted items for your attention (or reminder). The cost is: $150
  • For any telephone conversation, or Zoom meeting, that you request, to discuss your situation and to get you focused on what needs to be done moving forward. The cost is: $100

You will provide financial statements from your accounting system each time that an analysis is performed.

If you are ready to discover a new way to look at your financial information, please click the button to the right to request a meeting with me.

2. The Balance Sheet & Cash Flow Analysis Offer

As an Analyst, for your business owner, or client, you should probably have a Balance Sheet and Cash Flow Analysis to present to your audience. I can provide the format for you to use which will compare the current balance sheet date with the previous year-end balance sheet (both of which you will provide by exporting these two balance sheets to Excel from the accounting system).

The analysis I provide you will answer the question: “Where’s the Cash?”

This is all on one page and will cost you: $150 each time you ask me to provide this analysis. You will probably only request this analysis one time when you see the simplicity of this financial tool.

As a Business Owner, the Balance Sheet and Cash Flow Analysis will be provided to you at no additional cost once you have purchased the P&L Analysis. Any telephone conversation, or Zoom meeting, has a cost for each incident. That cost is: $100

If you are ready to discover a new way to look at your financial information, please click the button to the right to request a meeting with me.

3. Cleaning Up Financial Reporting Offer

There will be instances where your financial reports reflect misplaced line items as a result of errors in coding and classification. The Analyst can correct this situation for you via telephone calls, or Zoom meetings, for a cost of: $100 for each call or meeting. You will provide the details to initiate these discussions.

If you are ready to discover a new way to look at your financial information, please click the button to the right to request a meeting with me.

Want Help With Your Financial Reporting?

Please complete the form below to schedule a meeting with me:

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