What is an Exception Report Focused on User Comments?
Exception Reports are considered analytical tools and are often used by analysts and accountants to quickly find items from the monthly financials where users made comments. Some of the key functionality in this type of report is that it automatically tracks all account balances where users entered comments. It then displays the department, account and comment, along with the monthly and year-to-date figures. You find an example of this type of report below.
Purpose of Exception Reports with Comments
Companies and organizations use Exception Reports with Comments to present all user comments from the financial statements in a single report for easy review. When used as part of good business practices in a Financial Planning & Analysis (FP&A) Department, a company can improve its tracking of variances that likely are of significance because the users made comments there, as well as reduce the chances that executives and managers miss user comments and never take action.
Exception Reports with Comment Example
Here is an example of an Exception report that displays all financial items where users made comments.
You can find hundreds of additional examples here
Who Uses This Type of Report?
The typical users of this type of report are: CFOs, Controllers and Accountants.
Other Reports Often Used in Conjunction with Exception Reports with Comments
Progressive Financial Planning & Analysis (FP&A) Departments sometimes use several different Exception Reports with Comments, along with monthly financial statements 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
- 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