Management reporting

What is management reporting?

Management reporting is the regular provision of information to company management that makes it possible to track performance and steer the company's further development. It focuses on information that matters for both strategic and operational decisions.

Management reports usually combine financial and non-financial indicators. They provide an overview of financial performance, sales results, the performance of individual departments and the achievement of set goals.

What does management reporting contain?

The content of management reporting depends on the needs of the specific company and the level of management.

It typically includes:

• development of revenue and profitability
• budget achievement
• development of costs
• key performance indicators
• results of individual departments
• comparison of actuals with the plan
• development compared with previous periods
• an overview of important trends and variances

What is the difference between management and financial reporting?

Financial reporting focuses mainly on the company's financial results and performance. Management reporting has a broader focus and provides the information needed to run the company.

Financial results are often an important part of management reporting, which complements them with other performance indicators.

How to improve management reporting?

Effective management reporting should provide current, relevant and understandable information. What matters is a uniform methodology for calculating indicators, automated data processing and the ability to analyze results quickly by different criteria. Reporting.cz makes it possible to create management reports on top of connected company data and give management up-to-date information for decision-making.