What is a Consolidated Profit & Loss Trend Report?
Consolidated trending reports are considered monthly analysis tools and are used by CFOs and Group Controllers to determine trends in revenues, expenses and profitability. Some of the key functionality in this type of report is that it can be produced both consolidated and for individual subsidiaries. The periods in the columns are dynamically rolled out up to the current month. It is also typical to group the expenses by department. You find an example of this type of report below.
Purpose of Profit & Loss Monthly Trend Reports
Companies and organizations use Profit & Loss Monthly Trend Reports to easily analyze month-over-month changes for any particular revenue or expense item on their financial statement. When used as part of good business practices in a Finance & Accounting Department, a company can improve its ability to react quicker to trends that are positively or negatively affecting the business as well as reduce the risk that a shift in their environment goes undetected.
Profit & Loss Monthly Trend Report Example
Here is an example of a dynamic Profit & Loss trend report that can be used for consolidations as well as for individual companies.
You can find hundreds of additional examples here
Who Uses This Type of Report?
The typical users of this type of report are: Executives, CFOs and Analysts.
Other Reports Often Used in Conjunction with Profit & Loss Monthly Trend Reports
Progressive Finance & Accounting Departments sometimes use several different Profit & Loss Monthly Trend Reports, along with trended balance sheets, cash flow reports 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
- 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