The growth of cloud software solutions has being heavily focused on software that reduces transaction processing but one of the other areas it has made a really big impact is in the area of management reporting.
Quickbooks Online is a brilliant piece of software for understanding your figures with the ability to run reports with a number of different key profit drivers with the Location and Class options. The cloud reporting Apps take this to an even higher level and give businesses the tools to both look backwards and forwards making use of both financial data from QBO and non financial measures from outside the system.
At Hemingway Bailey we have a considerable amount of practical experience from industry and are very used to implementing reporting systems. We can help you choose which software is best for you based on what information you need and can then help you implement it. This will include linking it to your Quickbooks Online software and creating the reports that you want to help you to run your business better. This will mean you will have the reports when you need them.
Benefits of Using The Apps
The cloud reporting apps that are available will integrate with Quickbooks Online and give you on demand reports which will give you information such as :
● Full P and L and Balance Sheet information
● KPI reporting
● Integrated KPI and financial reporting
● Cashflow analysis
● Consolidation if you have group companies
● High quality management reports
● Benchmarking where available
● Breakeven analysis
All of them will give you high quality, graphical reports which are easily understood by financial and non-financial managers. We will set up the reports for you and where needed, provide training to you and your team. Get in touch to see how we can help you.