Management Reporting Services

It is impossible to competently manage a company without systematically collecting and analyzing data on the actual state of the business. Managers should have both financial and non-financial information to respond quickly to changing circumstances. Developing management reports helps to objectively evaluate results and make effective decisions.

Russian accounting standards have become more similar to International accounting standards. However, financial statements prepared in accordance with Russian standards still don’t reflect the full picture of the financial situation. Statutory financial statements are also submitted only once a year.

Outsourcing Solutions offers management reporting services. Our team will draft the necessary reports per international accounting standards or intercompany standards. Reports could be submitted on a monthly or quarterly basis to meet company deadlines. Reports may contain various information and can be formatted per the specifications of your company CFO or head office.

The basic package consists of 4 reports:

• Profit and Loss Statement (P&L);
• Balance Sheet
• Trial Balance
• CashFlow;

The larger the company, the more data is required for analysis. For medium and small entities, basic reporting forms are sufficient, as long as they contain all the necessary figures and are understood by all interested users.

Management reports we develop:

• P&L 
• Balance Sheet
• Cash Flow
• Trial Balance
• Revenue per client or cost center
• Expenses per cost center
• Short-term and Long-term budgets
• Revenue and expense breakdowns
• Headcount
• Payroll cost
• Cash flow forecasts
• Information in Excel format for SAP and other accounting and ERP-system

We prepare management reporting under 4 rules

Relevance

Reliability

Efficiency

Transparency

In other words, information must match the actual state of affairs at the moment and be presented in an accessible form. Even if end users do not have in-depth financial knowledge, they should not have any problems reading and interpreting the reports.