Reporting and Operations

Financial Reporting

Size of Organization: 
Medium
  • All financial reports are based on the general ledger.  Adjustments and estimates modifying the information from the general ledger will be documented.
  • Review interim reports against budgeted or anticipated results.  This review will highlight items that need examination before the interim reports are released.
  • Establish a monthly closing schedule for reports and follow this schedule.
  • Provide monthly financial reports for all divisions, business units, departments, and projects. 
  • Encourage employees responsible for divisions, business units, departments, and projects to review their financial reports and question items which differ from their expectations.
  • Provide online, real-time access to financial information to those responsible for divisions, business units, departments, and projects.  Many financial systems allow this through the reports module.