Customized cash flow reports are essential for providing insights tailored to your business needs. Focusing on specific cash flow data allows you to make better decisions and communicate more effectively with stakeholders. This guide will walk you through creating and customizing cash flow reports using Reach Reporting, highlighting the platform’s advanced features that streamline the process and ensure accuracy.
Creating a Cash Flow Report in Reach Reporting
The first step in customized cash flow reporting is creating a basic cash flow statement. Reach Reporting’s intuitive interface allows you to select and organize financial data into key sections: Operating Activities, Investing Activities, and Financing Activities.
Instructions:
- Adding Statements: In the report builder’s left menu, select the “Statements” option. Choose a type of statement, such as the Cash Flow Statement, and it will automatically be formatted based on its length.
- Editing Statements: To edit statements, click the edit icon above the first page of the statement. You can lock or unlock statements based on whether you want them to auto-update with bookkeeping changes.
For detailed instructions on using statements in Reach Reporting, refer to Using Statements in Reach Reporting Builder.
Customizing Your Cash Flow Report
Customization allows you to tailor your cash flow report to meet specific business needs. Reach Reporting offers various tools to help you create reports that are both informative and visually appealing:
Customizing Statements:
- Add Custom Rows and Columns: You can add custom or date range columns, filter by class or department, and add specific data rows. The platform allows you to show or hide columns and rows, sort data, and even rearrange rows to reflect the desired structure.
- Format and Display Options: Customize your report’s appearance by formatting cells, adding goal lines, and selecting different chart types for visual representation.
Refer to Building Metrics and Statements with Reach Reporting for more customization tips.
Leveraging AR/AP Aging Statements
Reach Reporting includes powerful Accounts Receivable (AR) and Accounts Payable (AP) Aging Summary Statements, which are invaluable for managing cash flow related to customer payments and vendor obligations. These statements can be added to any report and customized as needed.
- Adding AR/AP Statements: Sync your financial data, then go to any report or dashboard in Reach Reporting to add the AR/AP statement. Customize the appearance to align with your reporting style.
For more details, visit NEW AR/AP Statements.
Importing Accounting Data via CSV Trial Balance
Reach Reporting supports importing accounting data via CSV Trial Balance, a useful feature for managing multiple companies or consolidating financial reports.
Steps for Importing Data:
- Prepare Your CSV File: Use the provided template to format your data correctly, ensuring that mandatory columns such as Account ID, Name, and Type are filled out properly.
- Upload CSV: Once formatted, upload the CSV file using the “Add Company” feature in Reach Reporting. The platform will automatically create your financial statements.
For detailed instructions, visit Importing Accounting Data via CSV Trial Balance.
Building Metrics and Statements with Reach Reporting
Creating detailed metrics and statements is vital for in-depth financial analysis. Reach Reporting’s builder provides comprehensive tools to create customized financial metrics and statements.
Key Features:
- Flexible Data Presentation: You can create different visual representations such as tables, bar charts, line charts, and more. Customize the axes, add value labels, and configure legend settings to enhance the report’s clarity and impact.
- Additional Settings: Depending on whether you are creating a metric or financial statement, you can set up multiple titles, hide zero accounts, and choose between various table and chart options.
For more information, refer to Building Metrics and Statements with Reach Reporting.
Conclusion
Creating and customizing cash flow reports in Reach Reporting provides deep insights into your business’s financial health. By utilizing Reach Reporting’s advanced features—such as real-time data integration, customizable statements, and the ability to import data via CSV—you can ensure your reports are accurate, relevant, and tailored to your specific needs.
For further details and step-by-step instructions, visit the Reach Reporting Knowledge Center.