The Reporting Period for a business is the period over which they show their P&L. It is important to generate each P&L over a similar period so that the results of one period can be compared to other periods to help understand the performance change in the business over time.
What reporting periods are available? #
Typical Reporting periods are usually weekly or monthly, although some companies use fixed 28 day periods to make them directly comparable in a way that calendar months are not. You can choose whatever Reporting period suits your business, if you need help deciding eTail Support staff are here to help.
What reporting period should I use? #
Weekly reporting gives you the best control over your business, but it take s lot of commitment to produce accounts every week. eTail Support may be able to help you with weekly accounts, contact us for more information if you are interested in help with weekly reporting.
If you can’t spare the resource for weekly reporting, its normal to produce monthly accounts instead.
Once you have set your reporting period it is normal to present P&Ls for multiple periods as a single report, this allows graphing of different aspects of the P&L over time to spot trends.