A monthly report template may be prepared for official use or for personal use as well. This report may be a performance report, cash status report, attendance report, expense report, tasks report and receivables report. Generally, this report will be prepared for the whole month in the initial days of the next month. Its title and content will be different depending on the nature of the job or individual. A monthly report template may be prepared in tabular form or in paragraph form, depending on the type of information to be recorded in the report. It consists of an amount of crucial information such as title of the report, purpose of the report, company’s information, a little introduction, a brief summary, a few lines to explain the criteria, approvals and stated results of the report. Thankfully, our printable monthly report template helps the users to customize the precise data on it with ease and directly take a print through the printer. People can prepare a monthly report using the advanced programming of MS Word or MS Excel.
What to Include in a Monthly Report Template?
A monthly report is a widely used reporting component as far as the management information system is concerned. Due to its usage, it is equally important to prepare it with state-of-the-art content and professional layout. What makes the worth of content is only content, because management always look toward information. A good layout is necessary, but professional content is what can make a difference. Therefore, we are providing details regarding what sort of content you can choose for your next monthly report. Content selection details are provided underneath:
1- Purpose and Requirement: The good content of any report largely depends on its purpose and requirements. For instance, a monthly expense report requires you to have various expense titles and amount range. Similarly, a monthly sales report requires you to have comparison data ranging from previous term to current term.
2- What Information to include? A good monthly report is all about what information management you wish to see in it. In case, if you are more concerned with statistical data, then you must have tabled wise content. But, if management is looking towards strategy-based content, then it must have space for written content.
3- Target and Achievements: The management is mostly concerned with the performance of their team when it comes to monthly reports. They wish to see good statistics in terms of sales volume, profit percentage and capital investment. Therefore, be assured to add details about the target and how it is achieved.
4- Failure Justification: It is the wish of any individual to inform management regarding success and achievements, but unfortunately, real life is different. Success is always followed by failure. Therefore, a monthly report should have ample space to elaborate on the reasons for failure. It is inevitable to study failure deeply if you wish to eradicate it completely.
5- Analysis and Examples: There should be some tools which can be used to prove the latest market trends and behavior. These tools include various analysis techniques and calculators, which can be used to demonstrate how your previous strategy brought good or bad effects on the company. Precisely, you can add real life examples of market winners, elaborating how their strategy helps them in achieving monthly targets.
6- Conclusion: In the last segment, a user must add a conclusion in detail. This segment is required to provide information based on market analysis and experiments. Based on data, you can include suggestions and feedback, where you can explain your findings and how this could be fruitful for the organization in coming months.
Importance of Monthly Report:
A monthly report template may aggregate a number of things which are equally important for a good report. It includes the following information, like how to start a report? What will be the subject of this report? What information can be shared about the status of work? What objectives are crucial, and how will they be achieved? How many employees are currently working on the project? What is the status of petty cash balance? Finally, what material information has been approved during the last month? Apart from this information, a user can insert other factors which he/she feels necessary. Therefore, the vital reason for preparing a monthly report is to update stakeholders with information about all the ongoing business projects along with some data about the employees.
Templates for Monthly Report
