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
Friday, August 17 2018

Captcha Image

Mobile? Grab this Article!

Qr Code

Tag Cloud

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