What is management reporting?
These are reports created internally from your business data, that inform you as a business owner on how to make better decisions. A successful business uses management reports not only to track a department’s key performance indicators (KPIs), ensure operational efficiency, but also to help guide its managers toward making accurate, data-driven decisions. These reports can be profit and loss reports, sales per month, sales of product or service lines, actual sales versus budgeted sales, and the list goes on.