What is a Consolidating Profit & Loss Report for Events and Venues?
Consolidating Profit & Loss (P&L) reports are considered key performance analysis tools and are used by CFOs and executives to compare and benchmark profitability across events and to see the consolidated results for all events. Some of the main functionality in this type of roll-up report is that it dynamically lists all chosen event categories across the columns with a consolidated total in the far right column. The user can click on any of the tabs at the bottom of the report and see how each individual event consolidate up to the category they belong to on the main report page. Based on the event categories the user selects when running the report, both the summary page and the detailed tabs dynamically adapt. You find an example of this type of roll-up report below.
Purpose of Consolidating Profit & Loss Event Reports
Venues and sports organizations use Consolidating Profit & Loss Event Reports to give managers a clear picture of margins and profitability across all events in one or multiple venues. When used as part of good business practices in Executive and Financial Planning & Analysis (FP&A) departments, a company can improve its strategic decisions and related profitability, and it can reduce the chances that leaders make slow or inferior decisions due to lack of a complete financial picture.
Example of a Consolidating Profit & Loss Event Report
Here is an example of a Consolidating Profit & Loss Report with a summary tab (seen below) by event category and detailed tabs showing individual events within each category.
You can find hundreds of additional examples here
Who Uses This Type of Roll-up report?
The typical users of this type of roll-up report are: financial executives, board members, management teams.
Other Reports Often Used in Conjunction with Consolidating Profit & Loss Event Reports
Progressive Executive and Financial Planning & Analysis (FP&A) departments sometimes use several different Consolidating Profit & Loss Event Reports, along with balance sheets, cash flow statements, KPI reports, financial dashboards, annual budgets and forecasts, benchmarking 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
- View 100â€™s of reporting, consolidations, planning, budgeting, forecasting and dashboard examples here
- View a Sports industry white paper and other industry-specific information here
- See how reports are designed in a modern report writer using a cloud-connected Excel add-in writer
- Discover how the Solver CPM solution delivers financial and operational reporting
- Discover how the Solver CPM solution delivers planning, budgeting and forecasting
- Watch demo videos of reporting, planning and dashboards