LASSO offers a robust suite of financial reporting tools designed to help you manage and analyze your business's financial performance effectively. These reports provide valuable insights into revenue, costs, margins, and more, enabling you to make informed decisions and strategic plans.
How to Access and Use These Reports
Navigate to Administration Reports: From the main menu, go to the "Administration" section and select "Reports."
Select the “Financial” folder: Display all Financial Reports.
Select the Report: Choose the report you need from the folder.
Export or Schedule: Use the three dots menu to export the report to Excel or set up a schedule for regular delivery.
Set Alerts: For real-time notifications, set up alerts to be triggered by specific conditions or events.
Estimated Revenue Report
The Estimated Revenue Report is a powerful tool for revenue forecasting, pipeline tracking, event analysis, and strategic planning. It provides a comprehensive overview of your total estimated revenue over all time, but you can easily filter the data to focus on specific dates, divisions, or event types.
Key Features:
Total Estimated Revenue: View the total estimated revenue for all events.
Date Filtering: Narrow down the report to show revenue estimates between specific dates or before a certain date.
Division and Type Filtering: Select specific divisions or event types to see a more granular breakdown of revenue sources.
Graphical Representation: A graph displays the estimated revenue by month, helping you visualize trends and patterns.
Event Details: Below the graph, you’ll find a list of events broken down by month, division, event type, and event name.
Revenue by Status: Filter the report to show revenue by different statuses such as preliminary, potential, unvoiced, invoiced, and beyond.
Event-Specific Insights: Dive deeper into individual events to see detailed revenue information.
Export and Alerts: Export the report for further analysis or set up alerts to notify you of specific changes or needs.
Gear Financial Summary Report
The Gear Financial Summary Report is essential for tracking margins, costs, and revenue related to gear rental. It helps you maintain profitability by monitoring quoted margins and identifying areas where margins may be outside your desired range.
Key Features:
Margin Tracking: See the average gear rental revenue and margins for each event.
Discount Monitoring: Identify additional discounts applied to gear rentals.
Financial Details: Dive into the financial details of each order, including date range.
Export and Alerts: Export the report for detailed analysis or set up alerts for specific reporting needs.
Inventory Product Revenue Report
The Inventory Product Revenue Report is ideal for revenue analysis, usage tracking, and strategic planning with your inventory. It helps you understand which products are generating the most revenue and how they are being utilized.
Accessing the Report:
Navigate to the Administration Reports section.
Select the Inventory Product Revenue Report.
Key Features:
Revenue Analysis: Search by inventory name, department, or category to see where you are generating the most revenue.
Usage Tracking: View the number of days each unit is used annually.
Product Performance: See how much you are charging for each product and the total product revenue.
Order Line Item Details: Access detailed information about what orders included specific products and when.
Export and Alerts: Export the report for further analysis or set up alerts for specific changes or needs.
Invoice Status Report
The Invoice Status Report allows you to monitor outstanding balances and overdue invoices, providing a clear view of your financial health. It helps you manage payments and track client-specific overages or balances.
Key Features:
Outstanding Balances: See a list of all outstanding balances.
Overdue Invoices: Identify overdue invoices and take necessary actions.
Payment Due Dates: Filter the report by payment due dates to focus on specific time periods.
Client-Specific Information: View overages or balances for specific clients.
Invoice Payments by Week: See a breakdown of invoice payments by week.
Detailed Invoice Information: Access detailed information about each invoice over a timeline.
Sum of Invoices and Outstanding Balance: Get a quick overview of the total invoices and outstanding balance at the bottom of the report.
Export and Alerts: Export the report for detailed analysis or set up alerts for specific changes or needs.
Quote Status Report
The Quote Status Report is a valuable tool for revenue forecasting, sales cycle insights, outstanding quote management, and client and event management. It helps you track the progress of your quotes and understand your close ratio and average days to close.
Key Features:
Close Ratio: See the percentage of quotes that have been closed.
Days to Close: Track the average number of days it takes to close a quote.
Fluctuating Values: View the changing values of your quotes over months.
Quote Details: Access detailed information about each quote, including division, account manager, and start date.
Export and Alerts: Export the report for detailed analysis or set up alerts for specific changes or needs.
LASSO’s financial reporting tools are designed to provide you with the insights you need to manage your business effectively. Whether you’re forecasting revenue, tracking margins, or managing invoices and quotes, these reports offer a comprehensive and customizable view of your financial data. By leveraging these tools, you can make informed decisions, optimize your operations, and ensure long-term profitability.