Financial reports
GROWTHRequires the growth plan or above.
Five reports, each answering a different question.
Operations›Finance›Reports
| Report | The question it answers |
|---|---|
| Cash flow | What came in and went out this period? |
| Income vs expenses | Are we profitable, and is the trend improving? |
| Receivables aging | Who owes us, and how late are they? |
| Payables aging | Who do we owe, and when is it due? |
| Expense by category | Where is our money actually going? |
Working the receivables aging
- Start with the oldest band, not the largest amount.
- Open each invoice and check it was actually delivered and received.
- Contact the customer and log a note.
- Set a follow-up so it is chased again if nothing happens.
Tip
Compare like with like — this month against the same month last year rather than against last month, so seasonality does not read as a trend.
Take care
Reports reflect what has been recorded. Unrecorded payments and uncategorised expenses make them wrong in ways that still look plausible, which is the dangerous kind of wrong.
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