Financial Reports
Gaining insights from your financial data
Financial reports transform your raw financial data into meaningful insights that help you make informed business decisions. The Finance Module offers a comprehensive suite of reports designed specifically for tailoring businesses.
Types of Financial Reports
- Income Statement (Profit & Loss)
- Balance Sheet
- Cash Flow Statement
- Accounts Receivable Aging
- Sales and Revenue Reports
These reports provide the foundation for understanding your financial position and performance.
- Fabric Utilization Report
- Service Profitability Report
- Customer Value Report
- Seasonal Trends Report
- Custom Financial Dashboards
Create specialized reports that address your tailoring business's unique requirements.
- VAT/Sales Tax Reports
- Income Tax Summary
- Payroll Tax Reports
- Tax Liability Tracking
- Tax Payment History
Generate accurate reports for tax filing and maintain compliance with tax regulations.
- Budget vs. Actual Analysis
- Key Performance Indicators
- Trend Analysis
- Forecasting Reports
- Business Health Snapshots
Get the insights you need to make strategic decisions and grow your tailoring business.
Accessing Reports
There are several ways to access reports in the Finance Module:
- Reports Menu: Go to Finance > Reports to see all available reports
- Dashboard Widgets: Add key reports to your dashboard for quick access
- Scheduled Reports: Set up reports to be automatically generated and emailed
- Mobile App: View essential reports on the go from your mobile device
Report Features
Filtering
Narrow down report data by date range, customer, service type, payment status, and more to focus on specific aspects of your business.
Visualization
View data in various formats including tables, charts, and graphs to better understand trends and patterns in your financial data.
Exporting
Export reports in multiple formats (PDF, Excel, CSV) for sharing with team members, accountants, or for further analysis.
Drill-Down
Click on summary figures to see the detailed transactions behind them, allowing you to investigate specific areas of interest.
Comparisons
Compare current performance with previous periods, budgets, or industry benchmarks to gauge your progress and identify areas for improvement.
Scheduling
Set up reports to run automatically at regular intervals and be delivered to specified recipients, ensuring everyone has the information they need.
Real-World Example
"Noor runs a tailoring business specializing in both traditional and modern clothing. Every Monday morning, she reviews her weekly sales report, which breaks down revenue by service type. She noticed that while traditional garments generated more total revenue, modern business attire had a higher profit margin. She created a custom Service Profitability Report that showed not just revenue but also the associated costs and profit margins for each service type. This report revealed that rush alteration services, while seemingly profitable due to the premium pricing, actually had lower margins when accounting for the disruption to workflow and overtime costs. Based on these insights, Noor adjusted her pricing strategy and staff scheduling, resulting in a 15% increase in overall profitability within three months. She now considers her financial reports to be the most valuable tool for making business decisions."