What is a Trended Balance Sheet with KPIs?
Trended Balance Sheet reports are considered month end analysis tools and are often used by CFOs and analysts to monitor and analyze anomalies and trends in assets and liabilities. Some of the key functionality in this type of report is that it dynamically displays each month up the the current period this year as well as the same months for the prior year. The charts on the top of the report speeds up analysis for key metrics like Current Assets, Fixed Assets, Current Liabilities, Other Liabilities and Equity. The rows in the report shows Account Categories and the user can expand each row to see individual GL accounts and their amounts. The yellow row below the charts is a customizable and automated narrative. You find an example of this type of report below.
Purpose of Trended Balance Sheet Reports
Companies and organizations use Trended Balance Sheet Reports to quickly detect changes over time and exceptions with assets or liabilities. When used as part of good business practices in a Financial Planning & Analysis (FP&A) department, a company can improve its decision speed as it relates to liquidity and other balance sheet metrics as well as reduce the chances that anomalies goes undetected for longer than necessary.
Trended Balance Sheet Report Example
Here is an example of a Trended Balance Sheet with KPIs and automated narrative.
You can find hundreds of additional examples here
Who Uses This Type of Report?
The typical users of this type of report are: CFOs, Analysts and Executives.
Other Reports Often Used in Conjunction with Trended Balance Sheet Reports
Progressive Financial Planning & Analysis (FP&A) Departments sometimes use several different Trended Balance Sheet Reports, along with monthly Balance Sheet reports, KPI dashboards, trended P&Ls and cash flow 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 100âs 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