Your IT Support Experts

We partner with many types of businesses in the area, and strive to eliminate IT issues before they cause expensive downtime, so you can continue to drive your business forward. Our dedicated staff loves seeing our clients succeed. Your success is our success, and as you grow, we grow.

Free Consultation

Interested in seeing what we can do for your business? Contact us to see how we can help you! Sign Up Today

Hours of Operation Mon - Fri: 8:30am - 5:00pm
Quick Support
Phone Number (815) 929-9850

Converging Networks Group 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 Converging Networks Group can put you alongside some of the best business management software solutions on the market. Call us today at (815) 929-9850 to learn more.

Intro to Your Tech: Digital Twin
Are Smartphones Getting Any Smarter? Not Really.
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Sunday, October 24, 2021

Captcha Image

By accepting you will be accessing a service provided by a third-party external to https://www.consultcng.com/

Signup For Our Newsletter Signup with your email address to receive news and updates

Contact Us

Learn more about what Converging Networks Group can do for your business.

Converging Networks Group
143 N Schuyler Ave Suite 200
Kankakee, Illinois 60901

Customer Login