How to Write an Accounting Report

Save

Accounting is not an easy field for some people to master; however, the mark of a good accountant is the ability to write a good report with clear and easy recommendations. The best way to do this is with a report which shows trends in spending by comparing the budget forecast to actual spending. This can be done at the end of each month (month to month comparison), quarterly, or annually.

  • Determine the audience for the report. If the report is for one person it can contain more information than a report for a group or department. Know how much information your audience knows about the data being presented.

  • Decide on a time frame for your report. You can highlight the current month, discuss the entire year, or even the past five years in your report. The purpose and time period for the report should be clearly stated in a quick executive summary.

  • Obtain a list of all accounts as well as the spending that goes along with these accounts for the time period the report is covering. The current spending reports are referred to as "Actual Spending."

  • Compare "Actual Spending" with "Budgeted Spending." Start with the accounts that have the largest discrepancy between actual spending and budgeted spending. The discrepancy can either be over budget or under budget. Create one section of the report to discuss the over budgeted items and another to discuss the under budgeted items.

  • Create a section called "Recommendations." Based on the information discussed in the comparisons of actual spending to budgeted spending, create at least three recommendations for your client or employer.

References

  • Photo Credit Jupiterimages/Photos.com/Getty Images
Promoted By Zergnet

Comments

You May Also Like

  • How to Write a Research Paper in Accounting

    A research paper is generally the same, no matter what subject you decide to write about. It does take time to learn...

  • How to Make Managerial Accounting Reports

    Managers, owners and shareholders use managerial accounting reports to make decisions for current and future operations of a business. The current balance...

  • How to Write a Formal Report

    In a corporate setting, you should know how to write a formal report, whether for new ideas, marketing, accounting, or other important...

  • How to Write a Report Summary

    Summarizing lengthy content is an essential skill. Whether you're a researcher, an entrepreneur or a marketing department, you are competing for people's...

  • How to Write an Eyewitness Report

    An eyewitness report is a first-person account of an event you personally witnessed. The goal is to provide details about the event...

  • How to Write a Monthly Report

    Project managers often oversee multiple projects within a company or organization. A monthly report is a document that project managers should turn...

  • How to Write a Managerial Report

    Managerial reports are written by managers to inform their supervisors of business decisions, departmental progress and the outlook for the future. To...

  • How to Write an Expense Report

    Employees who pay for approved business expenses from their own funds can generally expect reimbursement from their employers. To facilitate such reimbursement...

  • How to Write an Effective Internal Audit Report

    Internal audits are a review of a company's operations using staff members or a professional accountant from a public accounting firm. These...

  • How to Write an Accounting Memo

    The memos you write as an accountant speak volumes about your professional experience and credibility. Accountants are charged with writing all kinds...

  • How to Write Up an Account of an Employee Incident

    When an employee is injured on the job, it is important for legal reasons that the employee's supervisor write up an incident...

  • How to Make Managerial Accounting Reports

    Managerial accounting reports differ from financial reports because they are used within the company to outline projected earnings, forecasts, budgets and other...

Related Searches

Check It Out

Are You Really Getting A Deal From Discount Stores?

M
Is DIY in your DNA? Become part of our maker community.
Submit Your Work!