The Trend Analysis Report provides a multi-period view of account balances, allowing users to compare financial activity across several months for selected accounts. It displays each account’s balance for each period side-by-side, making it easy to spot patterns, fluctuations, and trends over time. This report is designed to help users analyze changes in expenses, revenues, or other key accounts, supporting better forecasting and decision-making.
When to Use It:
- Identifying Financial Trends: Observe increases, decreases, or unusual changes in account balances over time.
- Budgeting and Forecasting: Ideal for comparing actual results to budgeted amounts and for projecting future financial activity based on historical patterns.
- Variance Analysis: Pinpoint periods with significant changes that may require further investigation.
- Management and Executive Reporting: Presenting clear, visual summaries of financial trends to leadership or department heads.
- Strategic Planning: Supports long-term planning by highlighting recurring patterns or seasonal fluctuations in key accounts.
Who Uses the Trend Analysis Report, How Often, and Why
