The easy way to learn book-keeping
Reporting
Once all the processing is done and adjusted and the data is complete and reconciled the results can be reported.
The most common reports will be the Profit & Loss and Balance sheet showing the overall financial state of play, but other key reports will be Debtors lists and sales performance reports. Different people will want to know different things and reports should be tailored to suit the audience. Sometimes, reports showing movement are more useful than static reports. For example a profit and loss report showing a month's performance may be more enlightening compared to the previous month - are the sales and costs increasing or decreasing. Highlighting trends helps understanding of the underlying dynamics.
Data can also be analysed against a budget or used to build a cashflow forecast. Most software either has in-built utilities for budget and cashflow reports or allows export or integration with excel.
Each stage of the simulations works with common reports of the transactions processed.