You know your numbers hold tremendous value, but how can you harness them to gain insights into the financial health of your business and create data-driven goals?
Financials require the right organization, interpretation, and analysis to be useful for strategic decision-making. It’s a trip back to the basics that allow you to find value and get the most out of your monthly financial reports.
The Value of Peer’s Monthly Financial Reports
At Peer, we believe that knowledge is power. To give you the power you need to run your business, we provide far-from-basic, custom monthly financial reports so you can see the full picture of your financial landscape.
These reports won’t be cookie-cutter. They will be a direct reflection of your business based on your goals and the steps you’re taking to reach them.
Here are the key elements for valuable monthly financial reporting:
1. Comprehensive Monthly Financial Statements
Our reporting insights revolve around the three financial statements—balance sheets, income statements, and cash flow statements—which serve as the backbone of our reporting process. In short:
- The balance sheet is a snapshot of the assets, liabilities, and shareholders’ equity at a specific point in time. It shows the financial position of your business.
- The income statement summarizes the revenues and expenses over a specific period. This depicts either a net income or loss and an overview of your business’s financial performance.
- The cash flow statement tracks the inflow and outflow of cash over a specific time frame. It’s broken into operating activities, investing activities, and financing activities. This shows your business’s liquidity and cash position.
Peer comes into the picture by breaking down these statements and mining the information you need to make informed decisions based on accurate and up-to-date financial data.
2. Cash Burn and Break-Even Analysis
Two critical aspects of our monthly financial reports are the cash burn and break-even analyses.
The cash burn analysis lets you assess how quickly your business is using up its available cash. With this information, you’ll have better insights into your liquidity.
Our break-even analysis helps you find the point where your revenue covers all your expenses. This is an essential piece to understanding your business’s financial health and sustainability.
At Peer, we’ll show you how you can leverage information from these analyses to make informed decisions.
3. Budget to Actual and Custom Reporting
The budget to actual analysis is another integral piece of our financial reports.
By comparing your planned budget with the actual financial performance, you gain insight into your business’s financial efficiency and have a gauge for the areas that need improvement.
For our team to actually derive insight from this comparison, we need to have a deep understanding of the interworking of your business; why your budget is the way it is, the areas of your business that require extra attention, your goals, etc.
The comparison, coupled with knowledge of your business is where our custom financial reports and insights from reports, like the budget to actual, meet your unique needs. You receive the specific insights needed to make strategic decisions.
4. Margin Tracking by Project or Business Line
Understanding the profitability of individual projects or business lines is crucial for making informed strategic decisions.
Our monthly financial reports provide a detailed analysis of margins by project or business line so you have a clear picture of where your profits are generated.
From there, you can allocate resources more effectively and lean into the lines that are producing the best results.
5. Financial Dashboards with KPIs
Our financial dashboards are designed with your business in mind. These dashboards present key performance indicators (KPIs) that have the most influence on your decision-making.
A well-organized dashboard presents a focused view of critical aspects of your financial performance, so when it’s time to make a quick and informed decision, you have everything you need.
Our commitment to customization ensures that the data presented aligns with your business priorities.
Get Value From Your Monthly Financial Reports with Peer
At Peer, monthly financial reports are not just a routine task; they are a cornerstone of our commitment to providing you with insights you can actually use to make better business decisions.
And because we have dedicated team members at all levels – controller, senior accounting, staff accountant – working on your financial reports. This team-oriented approach allows us to review these reports from all angles, ensuring that we present you with the best insights.
Trust Peer to go beyond the numbers and empower your business with financial intelligence and insight that drives success.