Financial Reports Features and Functions
Once data has been input into accounts receivable, users will probably need to review slices of that data to determine if revenues are in line, where revenue is being generated, and how that revenue compare against other benchmarks.
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Customer Transaction Report
Some users and their customers may wish to have the ability to store all transactions concerning an account for up to a year. Should there be a question concerning the account, the records can be reproduced in detail.
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Sales Analysis Reports
The question here is a determination of the flexibility of the system to present sales reports in one of the formats mentioned.
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Gross Profit Reports
Users should have the ability to examine gross profit in a number of ways, depending upon the nature of the information desired.
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Gross Profit Report Options
Total Gross Profit is the account which pays the bills.
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Trend Analysis Reports
The accounting package performs some kind of trend analysis.
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Cash Flow Forecast
Many companies operate under very tight monetary constraints. These companies need to know when to expect cash receipts and the reports utilized to forecast this cash flow must be based upon hard facts.
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Customer Ranking
The identification of "good" customers can become quite difficult. Volume is but a single consideration. Gross margin is another. Estimated fully absorbed profit is the most detailed analysis level, but the most difficult to calculate.
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Customer Net Profit
Rather than running an analysis for all customers each month, the system could carry out the analysis on an as-required basis for individual customers, customer groups, or other groupings.
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Billing Error Report
This question asks if and how the system supports the analysis of billing errors.
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Miscellaneous Financial Reports
The questions that follow list some of the more common reports users should be able to access.
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Accounts Receivable Features and Functions
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