Trend Analysis Report
Multi-period View of Account Balances
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.
Benefits:
- 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 this Report, How Often, and Why
|
Office Manager |
Monthly, as needed |
Reviews all account activity for accuracy, supports reconciliation, and prepares for audits. |
|
Controller |
Monthly, quarterly, audits |
Oversees financial compliance, analyzes account balances, and ensures accurate financial reporting. |
|
Accounting Clerk |
Weekly to monthly, as needed |
Traces transactions, posts entries, and investigates discrepancies in account balances. |
|
General Manager |
Monthly, quarterly |
Reviews overall financial position and account summaries for high-level oversight and decision-making. |
|
Fixed Ops Director |
Occasionally |
Checks account activity related to service/parts operations and investigates specific balances. |
|
Payroll Administrator |
Monthly or during payroll reviews |
Verifies payroll-related account activity and supports audit preparation. |