Out of the Box Solutions Blog

3 Reports Every Business Should Run Consistently

3 Reports Every Business Should Run Consistently

The analysis of data is important for every business. Some data is more important than others, but ultimately, if you want your business to thrive you will want to know exactly how your business is doing so that you can make educated decisions that won’t waste your organization's time and money. Today, we will look at three reports that every business, no matter what size or what industry it operates in, should be running.

Employee Time Tracking
If your business is one of the millions of small businesses looking to stretch every dollar, payroll is likely your largest expense. The Internet has created thousands of businesses and has helped thousands more build stronger operations. The downside to it is evident too. There are more distractions on the Internet than anywhere else and every minute your employees are distracted online, you lose revenue.

By running employee productivity reports you can easily determine the specific periods of time they were unproductive, and go see what they were up to. This provides a tool that allows you to educate your workers on the importance of staying on task; or, if they are repeat offenders, gives you precedent to block the sites where they waste time, or make a necessary change if need be.

Revenue & Sales
Being able to sell your product or service is the most crucial position in your company. That’s why it’s important to review your sales and revenue figures often. Since your sales team likely has monthly goals to meet, you can see who is excelling and who needs a little help. This keeps the company growing, and cash flowing in.

Most accounting solutions or CRMs will give you the option to run reports that generate sales and revenue information. By doing this weekly, or bi-weekly, you can ensure that your sales team is on track, and gives you the information you need to make changes if need be.

Expense Reports
You can’t reliably know how your business is doing if you don’t track every penny that is spent by it. Since you are likely trying to keep costs down, or at least below the revenue you take in, expense reports can give you an overview of what you can cut, what you should be investing in, and how your money would be better spent.

Expenses correlate with growth, so don’t fret to see your output rising as long as you can quantify it with increased productivity. The expense reports gives you a chance to make realistic budget decisions and cut goals.

Your business has a lot of moving parts, but running reports will put you in an advantageous position when it’s time to assess the health of your company, and what steps to take next. The IT professionals at Out of the Box Solutions can put you alongside some of the best business management software solutions on the market. Call us today at 800-750-4OBS (4627) to learn more.

Intro to Your Tech: Digital Twin
Are Smartphones Getting Any Smarter? Not Really.
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Thursday, December 13 2018

Captcha Image

Mobile? Grab this Article!

Qr Code

Tag Cloud

Tip of the Week Security Best Practices Technology Business Computing Network Security Tech Term User Tips Internet Privacy Cybersecurity Communication Microsoft Efficiency Browser Productivity Smartphones Email IT Support Cloud Malware Android Hardware Data Backup Google Passwords Network Windows 10 Data Small Business Business Management Data recovery IT Services Managed IT services Communications Applications Users Ransomware Backup Mobile Device Saving Money Wi-Fi Hosted Solutions Mobile Devices Business Wireless Employer-Employee Relationship Software VoIp Marketing Information Internet of Things Cloud Computing Networking Innovation Workplace Tips Business Intelligence Outsourced IT Blockchain Social Media Managed IT Services Collaboration Cortana Save Money Tech Terms Remote Monitoring and Management Automation BDR Gmail Microsoft Office Artificial Intelligence Analytics Virtual Assistant Wireless Charging Managed IT Service Hackers Connectivity Managed Service Virtualization VPN Patch Management Remote Computing Computer Apps Bandwidth Compliance Cost Management Data Management Computers Knowledge Office 365 Streaming Media Tip of the week Database Outlook Voice over Internet Protocol HIPAA Phishing Government PowerPoint Antivirus Content Filtering Environment Document Management Telecommute Comparison Inventory Microsoft Office 365 Unified Communications IT budget Websites Internet Explorer Business Continuity Hard Drive Telephony Backup and Disaster Recovery Storage Downloads Holiday Physical Security User Tip Cybercrime Profitability Data Breach Reporting Sports Staff e-waste Miscellaneous G Suite Lead Generation Network Attached Storage Upgrade Paperless Office Smartphone Specifications Data Protection Access Control RAM Battery Workers Safety Threat Processors Voice over IP Hard Drives Dark Web Trends eCommerce Laptop Amazon Tactics Eliminating Downtime Sales Medical IT Gadgets disposal Bring Your Own Device Password Analysis Printing Certification Digital Data loss Mobile Security Authentication Microsoft Teams Millennials Vulnerability Machine Learning SSD Error A.I. Online Shopping BYOD Tablet SaaS Value Troubleshooting Hybrid Cloud Dongle Paper Spam Conferencing Operating System Authorization Company Culture IT Management Business Technology Spyware Facebook Movies Plug-In Maintenance Wireless Internet Excel Technology Tips GDPR Big Data Update Cables WannaCry Server Management Ink Edge Virus Office Managing Stress Server HP Twitter Touchscreen Settings Telecommuting Proactive IT Router Help Desk Regulation Disaster Recovery Printers Alert Quick Tips