08/11/2026
Not every financial question can be answered by your standard financial statements.
And that’s where these ad hoc reports come in. 📊
Think of these as custom reports that help you take a closer look at a specific area of your business.
Some of the reports I regularly pull for clients include:
📌 A/R Aging — Who owes you money, and how long have they owed it?
📌 A/P Aging — What bills do you have coming due, and what do you currently owe?
📌 Segmented P&Ls — How is a specific location, department, or part of your business performing?
📌 Revenue by Customer — Which customers are actually contributing the most revenue?
📌 Month-to-Month Subscription Reports — How is recurring revenue changing over time?
And that’s just the beginning.
The point isn’t that every business needs dozens of reports every month.
The point is that your financial reporting should answer the questions you actually have about your business.
But here’s the catch:
You can’t pull useful reports from messy or incomplete books.
If your transactions aren’t categorized correctly, your accounts aren’t reconciled, or your bookkeeping is months behind, the reports you’re relying on won’t give you a clear picture either.
Good bookkeeping is what makes this level of financial insight possible.
Your balance sheet, P&L, and cash flow statement give you the foundation.
Custom reports allow you to dig deeper.
And together, they help turn your bookkeeping from something you have to do into information you can actually use to run your business.
That was the real goal of Financial Statements 101:
Not just knowing what the reports are called, but understanding what your numbers are telling you AND using that information to make better decisions.
🤍 If you’ve followed along with this series, save it for the next time your financials start feeling overwhelming!