How do you utilize reports in your business?
I am curious to hear which reports you consider most valuable in your business and what actions are taken based on those reports if anyone is willing to share. Are there reports that you use reg...
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Residential Cleaners here
On a weekly basis, we pull the timesheet report, visit report, and invoice report to find our payroll allocations. We pay our team on a Performance/Commission based system.
We plug these reports into a calculation tool we had custom built by a software developer so the calculations we need can be completed automatically. (Prior to having this tool - completing these calculations accurately took hours.) We then use the information generated by the report to run payroll and create a weekly snapshot of our business health. We track the number visits, gross revenue, payroll % (compared to gross revenue), discounts offered, sales tax collected, and profit distribution - owner's share, marketing cut, overhead, etc.