In business, there are so many things that take place within a year’s time that it is important to take note of every single thing that happened. That’s why annual reports are made so that one can take note of how well a business did during its previous year. This article will teach you all that you need to know in order to make one.
4 Steps for Creating an Annual Report
Step 1: Know What Information You’ll Need
If you’re the person that has been given the task of making the report, then the first thing that you will need to do is to know what kind of information your report should present. That way, you can figure out what sources of information you will need to use in order to come up with a detailed report.
Step 2: Put in All of the Information the Report Needs
Once you’re done figuring out where you should be acquiring the information needed, then the next step is to put it all into the annual report. The kind that you will need to make will depend entirely on the purpose of the report. For example, if you are required to make an annual credit report, then you will need to look into how the company handled its loans and debts from the previous year.
Step 3: Make Comparisons Between Reports
You will need to do this as it is always in the business’ best interest to know exactly how it is performing. So let’s say that you are making an annual expense report to see how the company is handling in terms of finances. Comparing the results with that of the previous years should help tell you what changes need to make and what actions need to be taken.
Step 4: Come to a Conclusion
When you are finished putting in all of the information that the report needs, then the last thing that you need to do is to come up with a conclusion. Whether it’s good or bad, you will need to place it into the document. Make sure to go into detail in regards to what you have come to a conclusion to and make important suggestions on what needs to be done based on the results.
14+ Annual Report Templates
1. Annual Report Format Template
2. Simple Annual Report Template
3. NGO Annual Report Template
4. Annual Sales Report Sample Template
5. Corporate Annual Report Template
Corporate reports are needed for one to be able to understand everything that there is to know about a particular corporation. If you are given the task of taking note of all the things that happened in a particular one within a year’s time, then use this template to make a document where you can cover everything.
6. Restaurant Annual Expense Report
If you are running a restaurant, then you will want to know just how much you’ve managed to make and spend every year since its inception. With the help of this annual expense report template, you can make a document that will help you take note of yearly expenses that your restaurant makes.
7. Health and Safety Annual Report Template
It is very important that an establishment prioritizes the health and safety of those that are in them. That is why it is required that a yearly assessment must be done to check just how safe they are. If you are tasked with coming up with the report, then this template will definitely help you make one.
8. Annual Expense Report Template
Businesses have to make sure that they are able to keep track of all their expenses. That is why they need to know how much they spend every single year. With the help of this template, you should be able to make a document where you can make a list of every single business-related expense that was made.
9. NGO Annual Report Sample
Those who are running a non-government organization will definitely want to know everything that is going on in it. So if you are the one that is required to make a report, then this NGO annual report will help you cover everything that has happened within a year’s time.
10. Annual Financial Report Template
Everyone must be able to keep track of their finances if they want to know how they’ll manage to continue living and operating within the days to come. Download and use this template so that you can come up with a financial report which will tell you everything from your total income to your total amount of expenses.
11. Annual Sales Report Template
Companies that heavily rely on sales will want to keep track of just how many they are able to make on a yearly basis. With the help of this template, you can come up with an annual report
12. Business Annual Report Template
Every person that is in charge of running a business must have a good understanding of how they are fairing in the industry. That is why if you want to be able to report on everything that goes in a business, you will want to use this template to help you out.
13. Free Annual Sales Expense Report Template
If you are going to make a document that lets you show just how much sales and expenses your business has managed to accumulate within the past year, then this is the template for you. Just make sure that you put in the information it needs to help you show what you need to.
14. Free Annual Expense Report Template
A business that does not even know its own expenses is one that is destined to fail. If you plan on showing just what kind of expenses a business has made within the past year, then this is the template for you. With it, you can provide details such as the type of expenses made, the amount for each, the purpose of each expense and so on.
15. Simple Annual Report
If you are looking to make an annual report in the quickest and simplest manner possible, then this is the template for you. Use programs such as Google Docs, Microsoft Word, or Apple Pages so that you can access and make changes to it whenever you wish to do so.