Report / Reporting

Report / Reporting

Definition

Reporting includes all the records that exist in the business.

The reports contained therein record the business operations in numerical terms. The most important reports in a company are, for example, the balance sheet and the profit and loss account. But reports such as earned value analyses, target/actual comparisons, general evaluations of costs or customer analyses are also extremely important, especially for sales.

Internal and external reports

Reports are also used for internal and external reporting.

Internally, reports serve as a controlling instrument. With their help, profitability, costs, personnel and other relevant figures can be kept in mind and decisions can be weighed.

External reports are passed on to tax advisors or tax offices.