Management Reports are a way for you to give your clients reports to better understand their business.
The Management Report includes the following (which can be disabled if not needed):
- A Cover Sheet
- An Executive Summary
- Key Profit & Loss and Balance Sheet accounts
- The full Profit and Loss, Balance Sheet, and Statement of Cash Flows. Plus an additional Profit and Loss and Balance Sheet if needed.
- Top Customers by Revenue and Top Vendors by Spend
- A/P and A/R aging reports.
- Graphs of key business metrics.
Any sections that are not relevant for your particular client can be disabled prior to exporting this report as a PDF.
Here is a sample Management Report package:
If there are any reports that you do not want to include in your client's reporting package, you can disable them by clicking the eye next to that report's name.
To add Footnotes to your client's Financial Statements, click the Footnotes button in the top bar and add your notes to the lines you'd like to annotate.
You can deliver Management Reports either by emailing them, printing them as a PDF, or adding them directly to the Client Portal.
If you want your clients to see these reports, make sure to enable Financial Access in the Client Portal.
To collapse the accounts in the Profit and Loss to show only Parent Accounts, enable the Collapsed setting in the report.
You can also enable Collapsed on the Balance Sheet to roll up all accounts to their corresponding categories. For example, this will roll up all bank accounts to the Bank Accounts category).
To change the order of the reports in the Financial Package section of the Management Report, click the hamburger menu and then choose the order of your financials.
If you call your Profit and Loss an Income Statement, or you work with nonprofits and call it a Statement of Activity, you can change the titles of your reports in the Management Reports.
Go to the gear icon in the top left-hand corner, click Report Titles, and update the titles to your preference.