Written by Nils R. | Aug 12, 2020 7:00:00 AM
What is
a
Profit & Loss Report with Charts and Modern Layout
? Modern Profit & Loss Reports with KPIs are considered a new trend in user-friendly reports and are often used by executives and financial managers to analyze profitability, revenues and expenses. A key functionality in this type of report shows actual, budget and last year figures with variances. Some of the most important information in the report is displayed as charts and KPIs on the top. You will find an example of this type of report below.
Purpose of
Modern Profit & Loss Reports with KPIs Companies and organizations use Modern Profit & Loss Reports with KPIs to present financial information to managers in an attractive and intuitive way. When used as part of good business practices in a Financial Planning & Analysis (FP&A) Department, a company can improve its analytical capabilities, as well as, mitigate risks that reporting users miss the most important information as they study financials.
Modern Profit & Loss Reports with KPI
Example Here is an example of a modern Profit & Loss Variance Report with KPIs displayed as charts. [caption id="" align="alignnone" width="1642"]
Profit & Loss Report with Charts and Modern Layout Example[/caption] You can find hundreds of additional examples
here.
Who Uses This Type of
Report
? The typical users of this type of report are: Executives and Financial Managers.
Other
Report
s Often Used in Conjunction with
Modern Profit & Loss Reports with KPIs Progressive Financial Planning & Analysis (FP&A) Departments sometimes use several different Modern Profit & Loss Reports with KPIs, along with balance sheets, cash flow reports, dashboards and other management and control tools.
Where Does the Data for Analysis Originate From? The Actual (historical transactions) data typically comes from enterprise resource planning (ERP) systems like: Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Acumatica, Netsuite and others. In analyses where budgets or forecasts are used, the planning data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions.
What Tools are Typically used for Reporting, Planning and Dashboards? Examples of business software used with the data and ERPs mentioned above are:
- Native ERP report writers and query tools
- Spreadsheets (for example Microsoft Excel)
- Corporate Performance Management (CPM) tools (for example Solver)
- Dashboards (for example Microsoft Power BI and Tableau)
Corporate Performance Management (CPM) Cloud Solutions and More Examples
