Home/Accounting & Financial Reporting/Monthly Financial Reporting Package
Numbers You Can Actually Use
A consistent set of statements every month, with a short explanation of what moved and why.
What Arrives Each Month
The package is built from the closed month, so every figure in it has been reconciled. It is the same set of reports every time, which is what makes month-to-month comparison meaningful.
- Profit and loss statement for the month and year to date
- Balance sheet as of the close
- Statement of cash flows
- Comparison against the prior month and the same month last year
- Comparison against budget where one exists
- Accounts receivable and payable aging
- A written summary of what changed and what to watch
The Summary Is The Point
A set of statements with no commentary gets filed unread. The written note is the part most owners actually use: what moved, whether it was expected, and what it means for the next month or two.
It is written plainly. If gross margin dropped four points because material costs rose and prices did not, it says that, in those words.
Who This Serves
- Owners making hiring, pricing, or equipment decisions during the year
- Businesses with a lender or bonding company that wants regular statements
- Partnerships where several people need the same picture
- Nonprofit boards that need consistent reporting between meetings
- Any business that has outgrown checking the bank balance
Reporting For Huntsville, AL Business Owners
The package sits on top of monthly bookkeeping and is delivered securely, so it works the same for a client across town in Huntsville, AL as for one working entirely remotely from anywhere in the country.
Things Worth Knowing About Monthly Financial Reporting Package
Can the reports be customized?
Yes. Departments, classes, locations, jobs, or funds can be broken out where the chart of accounts supports it, and the package is shaped around the questions you actually ask.
How soon after month end do I get it?
After the month is closed, which follows the bank and card statements posting. A normal month is delivered within the following month.
Do I need this if my accountant does my taxes?
A tax return is a backward-looking compliance document filed once a year. Monthly reporting is what lets you make decisions in June rather than learn about them the following April.
Often Handled Alongside This
Monthly Bookkeeping
The most common arrangement in the practice.
Read moreBudget Preparation
An annual budget built from prior-year actuals with seasonality intact, fixed and variable costs separated, and assumptions written down, then reported against actual results each month so it works as an early warning rather than a filed document.
Read moreFinancial Statements & Reports For Management And Lending Needs
Financial statements and reports prepared to support business management, planning, board needs, and lending requests, with supporting schedules available as appropriate.
Read moreReady To Get This Off Your Desk?
Tell us where things stand right now, including anything that is late or missing, and you will leave with a plain description of the work involved and the order it should happen in.