888.678.7282    Get SUPPORT

Strata Information Technology Blog

3 Reports Every Business Should Run Consistently

3 Reports Every Business Should Run Consistently

The analysis of data is important for every business. Some data is more important than others, but ultimately, if you want your business to thrive you will want to know exactly how your business is doing so that you can make educated decisions that won’t waste your organization's time and money. Today, we will look at three reports that every business, no matter what size or what industry it operates in, should be running.

Employee Time Tracking
If your business is one of the millions of small businesses looking to stretch every dollar, payroll is likely your largest expense. The Internet has created thousands of businesses and has helped thousands more build stronger operations. The downside to it is evident too. There are more distractions on the Internet than anywhere else and every minute your employees are distracted online, you lose revenue.

By running employee productivity reports you can easily determine the specific periods of time they were unproductive, and go see what they were up to. This provides a tool that allows you to educate your workers on the importance of staying on task; or, if they are repeat offenders, gives you precedent to block the sites where they waste time, or make a necessary change if need be.

Revenue & Sales
Being able to sell your product or service is the most crucial position in your company. That’s why it’s important to review your sales and revenue figures often. Since your sales team likely has monthly goals to meet, you can see who is excelling and who needs a little help. This keeps the company growing, and cash flowing in.

Most accounting solutions or CRMs will give you the option to run reports that generate sales and revenue information. By doing this weekly, or bi-weekly, you can ensure that your sales team is on track, and gives you the information you need to make changes if need be.

Expense Reports
You can’t reliably know how your business is doing if you don’t track every penny that is spent by it. Since you are likely trying to keep costs down, or at least below the revenue you take in, expense reports can give you an overview of what you can cut, what you should be investing in, and how your money would be better spent.

Expenses correlate with growth, so don’t fret to see your output rising as long as you can quantify it with increased productivity. The expense reports gives you a chance to make realistic budget decisions and cut goals.

Your business has a lot of moving parts, but running reports will put you in an advantageous position when it’s time to assess the health of your company, and what steps to take next. The IT professionals at Strata Information Technology can put you alongside some of the best business management software solutions on the market. Call us today at 888.678.7282 to learn more.

Three Chilling Data Loss Stats to Consider
Are Smartphones Getting Any Smarter? Not Really.
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Tuesday, December 11 2018
If you'd like to register, please fill in the username, password and name fields.

Captcha Image

Mobile? Grab this Article!

QR-Code dieser Seite

Tag Cloud

Tip of the Week Security Business Computing Technology Best Practices Managed IT Services Privacy Cloud Internet Network Security Cybersecurity Malware Communications Hackers Backup Tech Term VoIP Microsoft Ransomware Software Business Management Outsourced IT User Tips IT Support Alert Passwords Smartphones Productivity Email IT Services Communication Productivity Google Data Backup Browser Efficiency Social Media Business Windows 10 Data Recovery Cloud Computing Data Phishing Small Business Network Users Save Money Hosted Solutions Hardware Mobile Device Smartphone Data Breach Vulnerability Android Apps App Microsoft Office Bandwidth Twitter Internet of Things Miscellaneous Saving Money Business Continuity Law Enforcement Workplace Tips Blockchain Wi-Fi Computer Patch Management Workers Collaboration Settings Employer-Employee Relationship Remote Monitoring Scam Excel Company Culture Cybercrime Networking Politics Access Control Government Office 365 Innovation Compliance BDR Applications Mobile Device Management Recovery Antivirus Maintenance Password Retail Holiday Computers Office Education Personal Information BYOD Marketing Vendor Management Automation Managed IT Service Chrome SaaS Dark Web Managing Stress Virus Website Remote Monitoring and Management Information Windows Word Virtual Assistant Connectivity Spam How To Wireless Entertainment Facebook Business Intelligence Mobile Devices Regulation Sales Managed Service Provider Cost Management Streaming Media Outlook Travel WiFi Managed IT Cleaning Printers Two-factor Authentication Troubleshooting Physical Security Technology Tips Hybrid Cloud Botnet VPN Document Management Database Leadership Access Touchscreen Router Content Filtering Hiring/Firing Employer Employee Relationship Staff RAM Current Events Shortcut HIPAA Reporting Tablet Downloads Managed Service Live Streaming Plug-In Telephone Systems Data Protection Encryption Computer Care Tech Support VoIPMyths Files Battery Data Management Backup and Disaster Recovery Cables Paperless Office Tactics Microsoft Office 365 Gmail Automobile Websites Microsoft Teams Net Neutrality CrashOverride Safety Remote Support Hard Drive e-waste Disaster Recovery The Internet of Things Medical IT Knowledge Artificial Intelligence Trends Profitability WhatsApp Wireless Charging Synergy Proactive IT Remote Control IT budget PowerPoint Gaming Console Gadgets Budget VoIPSavings Yahoo SSD Voice over Internet Protocol Processors Digital Internet Explorer Analytics Authentication disposal GDPR Comparison Hard Drives A.I. Scalability Phone System Eliminating Downtime Lead Generation IT Management Sports Video Games Google Maps Update Emergency Telephony DDoS Inventory Apple Edge Threat IaaS Authorization Dongle Worker Spyware Value Television Information Technology Upgrade Storage Multi-Factor Security Specifications Avoiding Downtime Movies Credit Cards Wireless Internet News Dark Data Smart Technology Email Management Tech Terms Staffing Technology Efficiently Licensing Voice over IP Amazon iPhone HaaS Printer Server Cortana Bring Your Own Device Printer Unified Threat Management HP Biometrics Error Data loss Gadget Help Desk Telephone System WannaCry Public Speaking Network Attached Storage Managed IT Services eCommerce Operating System Paper Telecommuting Presentation Lithium-ion battery Certification Environment Augmented Reality Server Management Online Shopping Fun Ink Millennials Wireless Technology 5G IBM Google Drive Hacker File Sharing IT Support Hosted Solution Autocorrect Customer Relationship Management User Tip Virtualization Competition Big Data Machine Learning IP Address Spam Blocking User Security Search Scheduling Copy Customer Service Tip of the week Server G Suite Windows 10 Telecommute VoIP Mobile Office Emoji Paste Domains Business Technology Instagram Mobile Security Money Laptop Printing Quick Tips Remote Computing Samsung Conferencing Unified Communications

Newsletter Sign Up