What Are Management Reports? | Why Are They Important? | nextAdvisory.nz

What Are Management Reports?

What Are Management Reports?

What are management reports? Something you’ve probably heard an accountant talking about at some stage.

Management reports are regular reporting for business owners in the form of data, numbers or visuals. To provide numbers and information that can be used by business owners in their decision making.

It helps to tell the story behind the numbers of the business. What happened in the business and importantly the implications of how actions are going to impact the business moving forward.

We believe that management reports are only as valuable as the explanation that goes with them. If the recipient can’t understand the information contained within the report, they hold no value.

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