Different types of business reporting methods

Share on Facebook Business reports, an important communication tool, and they affect everybody from interns to executives and investors. Businesses will use several types of reports to communicate the overall health and status of a business. These reports deliver transparency, and they open the door for celebrations or to solve problems, as appropriate.

Different types of business reporting methods

Types of business reports in business communication Types of Business Reports in Business Communication The business reports are classified on many basis. Such types of business reports are briefly explained.

They are ordinary or routine reports and special reports. Ordinary or Routine Report Ordinary reports are prepared and presented before the managing director at specific intervals or to the next authorized person in the business routine. The reports shall be submitted either daily, weekly, fortnightly, monthly, quarterly, bi-annually or annually.

different types of business reporting methods

This type of report contains mere statement of facts in detail without any opinion or recommendation of the reporter. Special Report This type of report is prepared and presented before the top management on specific request.

It usually contains the opinions or recommendations of the reporter with the help of facts and arguments. Examples for special report are opening of branch, introducing a new product, Improving the quality or changing the shape or size of the product and the like.

Reports on the Basis of Legal Formalities The reports are classified into two types. They are formal report and informal report. Formal Report Formal report is prepared in a prescribed format and presented before the competent authority in an established procedure. Reports submitted by officials or committees of constituted bodies example: Companies, Cooperative SocietiesLocal Bodies etc.

Informal Report Informal report is prepared in a format of the convenience of the reporter and presented directly before the required person as and when demanded. An informal report is presented as in the form of letter or memorandum.

Generally, it takes the form of a person to person communication. The formal reports are classified into two types. They are statutory report and non-statutory report. Reports on the basis of Function The reports are classified on the basis of function into two types.

Different Types of Reports Used in Business

They are informative and interpretative. Informative Report An informative report is prepared and presented with the help of available information at the maximum with regard to an issue or situation. Interpretative Report An interpretative report is not only contains the facts, views and opinions of reporters and others but also includes the causes for an issue or an event and required remedial action with recommendations.

Reports on the basis of meetings Whenever a meeting is organized in any business organizationa report is prepared by the secretary or any other individual about the proceedings of the meeting.

Such reports are classified into two types. They are Verbation Report and Summarized Report.Reporting Methods. We previously learned that there are many ways to present your data so that it can be easily understood by your stakeholders.

No matter which reporting method you choose, simplicity will ensure that the results of your evaluation are both accessible and understandable.

different types of business reporting methods

Management report types. There are different information requriments, therefore the 80 standard reports are divided into five groupings.

Six Different Types of Business Research to find Your Leads | Market Research - mtb15.com

All reports can be exported into various file formats, such as Microsoft Excel. 1. Business reports. Each TimeLog business report is based on one specific issue. For example, the internal/external analysis. Types of Business Reports in Business Communication.

Reports on the basis of Importance or Frequency.

Management report types

1. Ordinary or Routine Report; 2. Special Report; Reports on the Basis of Legal Formalities. 1. Formal Report; 2. Informal Report; Reports on the basis of Function. 1. Informative Report; 2. Interpretative Report; Reports on the basis of meetings.

1. Verbation Reports; 2.

3 Replies to “Different Types of Reports Used in Business”

Types of Business Reports in Business Communication The business reports are classified on many basis. prepared and presented before the responsible body. If not so, majority members of the committee or subcommittee have different opinion than minority members.

Tags: business report, Reporting to management, types of reports. Search. Types of business structures Sole Proprietorship.

A Sole Proprietorship is one individual or married couple in business alone. Sole proprietorships are the most common form of business structure. Six Different Types of Business Research to find Your Leads Decision-making is a crucial aspect of any business venture.

A business owner can make firm decisions and stand by them, only when he is well aware of the surroundings of his marketplace. Along with the internal factors about your business.

Five Key Methods to Improve Public Financial Accountability | IFAC