Business reports are essential documents as they convey important information about different aspects of your business, starting from labor to sales. Therefore, they’re vital for decision makers as well as stakeholders. Business reports are equally essential for employees as they illustrate a specific problem and allow them to solve it. However, in order to truly reap the benefits of reporting, you need to establish a business report format.

Why You Need to Set a Reporting Format or a Template

Retail store and restaurant chain owners need to establish a business template for different reports. As you know y, don’t need to be unique. Moreover, they need to provide snapshots of statistics and important information to prevent their readers for going over the whole document word by word. This is mainly because their readers have very limited time on their hands as it is and can’t mine for valuable information.Business-Reporting-Template-Format-300x236

You should also set a standard format to organize data effectively and logically. This is especially important if your reports traditionally have a lot of data. A business template will save you from the embarrassment and scolding that could follow your inability to convey important information because you forgot a certain section.

Finally, having a special business report format for your company is good for morale. Even if your chain has less than 20 branches, this will show your stakeholders and employee that you mean business. It can also send off a successful message, ensuring everyone that you’re doing well enough to invest in custom reports.

Creating Your First Customized Report

When deciding on a format, you need to take into consideration the type of information the report should have. For example, for a monthly sales report, you can include details of the month’s orders, the payments you received, the amount you invested initially, the profit you earned, and the people who made it possible.

Formatting text is also an essential part of your business report format. In addition to ensuring that headers and sub-heading stand out, you need to make sure that everyone can read the information easily by selecting the best font and using enough white spaces to make your data stand out. Finally, remember to include the following standard sections:

  • Title Section
  • Summary
  • Methodology
  • Introduction
  • Main Body
  • Data Tabulation
  • Conclusion
  • Recommendations
  • Appendix

However, you can add more to this traditional business report format to cover all the metrics and key performance indicators your stores or restaurants use.

If you’d rather eliminate the hassle of creating custom reports altogether, automate this process with Xformity. Known for being the most flexible business intelligence tool out there, Xformity is the choice of over 10,000 restaurants and retail stores across the country, including Denny’s and Meineke Car Care. In addition to offering basic reports that cover day-to-day performance and support daily decision making, the business reporting feature offers detailed sales reports, complete labor reports, and other documents that can maintain the efficiency of your operations.

Moreover, Xformity allows you to create custom reports in minutes via its Ad Hoc Reporting feature. Simply select the information you need and let the system take care of the rest. You can also translate the reports you generate into graphs and charts, further saving decision makers’ time while providing them with all the information they need.

So give Xformity a try and request a custom demo to determine how this innovative software and its features can boost your bottom line.