Best Business Report Examples for Your Next Project

In today’s world, the business world is considerably changing for the better, thanks to technology. You have probably observed your processes and activities frequently evolving as a result of, among other things:

• Shifting sales trends and volume
• Adjustments to inventory management
• Warehouse operating modifications
• Marketing performance indicators.

All these minor adjustments to your business operations affect the overall health of your warehouse, restaurant, or even medical center.

Business reports come in handy to monitor  goals, operations, and formulate a strategy to acquire a comprehensive state of the business. That is regardless of how big or small the organization you run is.

But there is more!

Static business reports produced manually won’t give your organization the cutting-edge insights it needs to be competitive. Think about this for a moment. Today, business departments have huge chunks of data daily; therefore, fresh insights are essential for business success.

Businesses need to use the power of their insights in an approachable and effective way if they want to compete in today’s competitive market.

Here, please wait for it!

Modern business reports can help in this situation. And this is where business reports with interactive data visualizations come in.

Do you want to discover how to make business reports in Excel?

Continue reading to find business report examples to help you effectively handle your business data.

What is a business report?

First things first, what is a business report? A business report is a data collection on a particular subject organized methodically. It enables interested parties to learn in-depth information about the issues and find practical solutions.

Business reports aim to present information in an orderly manner that aids in future planning and big choices. Reports also assist firms in setting budgets and choosing promotions and marketing based on the researched data.

When creating various business reports, formatting is vital to ensure stakeholders can quickly read the information without missing anything. Now that we have answered what is a business report, there is still another question to answer.

What is the purpose of business reports?

Reports are essential to communication in any business. In large enterprises, reports are the only available options. That is why we provide business report examples to guide you in handling your data effectively.

Here is the importance of business reporting.

1. Information transfer

The most effective way to share information between people is through business reports. In massive businesses with complex data to manage, reports help managers get the information they need.

2. Analysis and justification of a situation

Users can quickly interpret the facts with the aid of reports. It provides a comprehensive format for the data’s explanations and interpretations.

3. Making decisions

A report is a tool to assist decision-makers. It is the fundamental management tool for making decisions and providing solutions.

4. Interaction with outside stakeholders

Another importance of business reporting is providing information for internal and external stakeholders. Business reports facilitate integration with both.

5. Creation of a knowledge foundation

Reports assist a business in building a robust information base. They permanently document all company processes and archive them for future use.

6. Control

Reports offer the necessary data to enforce control approaches.

7. Action suggestions

Reports serve as a source of new information as well as for problem-solving.

Types of Business Reports

Various types of business reports you can use to analyze your data are available. But it is critical to consider your primary aims and objectives before developing your business outcome reports. Here, we’ll go over some types of business reports that you can utilize for various analytical needs.

1. Annual Report

An Annual Report is a thorough account of the operations of a corporation for the previous year. Its goal is to inform users, such as shareholders or potential investors, about the business’s activities and financial performance. By reviewing the annual reports, readers can thoroughly understand the company’s overall performance over the previous year.

Note that many Annual Reports differ from traditional reports with a lot of text. Many businesses frequently include graphics and photographs, creating visually engaging documents. Below is one of our business report examples.

2. Sales and Revenue Report

A Sales and Revenue Report shows a firm’s income from selling its products or rendering services. Accounting often uses sales and revenue interchangeably to refer to the same item. It is crucial to remember that revenue does not always equate to money received. A Sales and Revenue Report will show how much was paid in cash and credit.

3. Inventory Report

An Inventory Report summarizes a retailer’s current stock. It condenses information about the state and performance of inventory, including specifics like:

• How much stock is available
• Which products are selling the quickest?
• What are the category performance and other statistics?

You can use a variety of inventory report kinds, each with a specific function. Here is a business report template.

4. Website Traffic Report

Gathering and analyzing crucial information about the online traffic to and from your website is known as website traffic reporting. Even though the general rule is that the more visitors, the better, that may not be true, and here is why.

High traffic numbers alone don’t always equate to boosted sales or lead creation. Luckily, you can create pattern models that uncover potential flaws in your online design and guide ongoing development decisions. It is possible when you have access to accurate and immediate website traffic data through a report. Check out this business report template.

These business report examples show why they play a crucial role in organizations.

How to create a business report in Excel?

If you wonder how to make a business report, you are on the right track. ChartExpo is a top tool for data visualization that you ought to pick.

Even better, ChartExpo is an Excel Add-in that you ought to use. It only requires a few clicks to install, and your visualization is ready to use. You can use it even if you’re a newbie or don’t know how to code.

Additionally, it is simple to set up, has many learning resources, and works with many different visuals. That means you may choose any visualization to suit your needs. It aims to make your visualization as simple as possible while accommodating users with more complex requirements. Here is how to make a business report but first you need to install ChartExpo.

to install ChartExpo in Excel?

1. Open your Excel application.
2. Open the worksheet and click on the “Insert” menu.

iii. You’ll see the “My Apps”.

1. In office Add-ins window, click on “Store” and search for ChartExpo on my Apps Store.
2. Click on “Add” button to install ChartExpo in your Excel.

There is another direct way to install ChartExpo by clicking on below link as well for your desire tool.

Suppose now you get data from your firm and would like to compare the cash flow.

Product & Service	Revenue	Profit & Cost	Departments	Operations	Amount
North America	Revenue	Gross profit	Operating expenses	Fulfilment	20.3
North America	Revenue	Gross profit	Operating expenses	Tech & content	18.1
North America	Revenue	Gross profit	Operating expenses	Sales & marketing	10.1
North America	Revenue	Gross profit	Operating expenses	General & admin	12.9
North America	Revenue	Cost of sales			19.6
Europe	Revenue	Cost of sales			27.1
Europe	Revenue	Cost of sales			19.7
Europe	Revenue	Gross profit	Operating expenses	Net profit	7.6

• Once ChartExpo is installed, after that, click the INSERT menu, then select My Apps.

• Choose ChartExpo from My Apps, then click Insert.

• A list of the available charts will appear once this add-in has loaded. Choose the Sankey Chart from this list.

• Click “Create Chart From Selection” once you have selected the data from the sheet.

• You can have your chart ready as shown below. But you can add colors of nodes by clicking on Edit

• To add color to the Node, select Node by clicking the pencil icon at the top. Click Apply after adding the desired color. Click Save Changes after adding colors, a header, and any other attributes you want to save after making changes.

If you want to put dollar sign with data, you can go to Symbols and set the prefix and postfix property accordingly.

You can now see how skillfully it depicted the movement of funds from one end to the other. Its superior flow-charting abilities set it apart from other charts.

Insights

• The above visualization clearly showing the flow of revenue with different colors and nodes which make you feel easier to understand what is happening in every stage.
• Total revenue from North America is 60% and from Europe is 40%, even the size of the nodes telling which one is dominant.
• Further you can explore that cost of sales is 49% whereas gross profit is 51%.
• In the last, you will notice different small nodes which are further segregation of the operating expense. Out of $69M sales & marketing took 15% while fulfillment of project took 29%.ss

The importance of business reports

Managers can learn a lot from business reports, which include information on revenue, expenses, and growth. Using this data, you can improve decision-making, develop future projections and marketing plans, and manage your budget.

FAQs:

What does a business report include?

Business reports often have the following elements: a title page, executive summary, content list, introduction, body, conclusion, recommendations, references, and appendices.

What are the five key parts of a business report?

• A title page
• Executive summary
• Body
• Conclusion
• Recommendations

Wrap Up:

As a corporation, it is your responsibility to adapt to the data-driven environment in which we now live. You will only impede your business’s success if you disregard the power of smart data analytics. This highlights the significance of business reporting. Best get started with it using our business report examples above as a guide.

Business reporting is vital to give readers a better understanding of how the business is doing. It is a crucial tool to guide decision-making. Furthermore, it makes it easy for organization managers to simply research and solve any problems they uncover.

To summarize, reporting is gathering and examining data for a specific function. For instance, you can track financial operations, sales inventory control, or any other area with business reports. Consequently, stakeholders can make conclusions and recommendations after analyzing the information.

The report will typically offer a proposal for a resolution and could explain why the problem happened or point out performance issues.