Understanding Financial Data
As an accountant, keeping clients’ books updated is vital, but it doesn’t automatically translate into understanding their financials. This paradox has created a problem for many businesses. Fortunately, Reach Reporting can help you create informative and engaging financial reports that put your client’s financials at your fingertips, helping them make better financial decisions. Let’s get started with these five tips and tricks.
Balance Visuals with Data
Visuals are critical to understanding the data, but adding text with explanations and further details is equally important. Finding the balance between the two will create easy-to-read and more comfortable-to-understand reports. To make the data easier to read, keep in mind the importance of leaving plenty of white space, using complementary fonts, and using two-column organization.
Use Color to Your Advantage
Adding color to a report is eye-catching and adds a little sparkle to your work, but how you add color makes all the difference. Using color wisely and to your advantage is vital in financial reporting as it can help improve the brain’s ability to remember and retain information. Keep in mind that more harmonious and pleasing colors work best.
Make it Personal
Your financial report should reflect your client’s brand and business’s personality. To add a personal touch, add a company logo, color scheme, and font style. This will make your report stand out and more memorable.
Keep it Simple
Overcomplicating your financial report can make it difficult to read and understand. Use simple language, avoid jargon, and focus on the most important data. Remember, the goal is to help your clients make better financial decisions, not to impress with technical terms.
Interactive Elements
Interactive elements, such as charts and graphs, can help you convey complex data simply and engagingly. They allow you to provide additional information that is not possible with text alone. Interactive elements can also help you highlight trends, patterns, and outliers that may be difficult to spot with tables and numbers alone.
How to Create A Visual Report
Creating an engaging financial report may seem difficult, but it doesn’t have to be. By following these five tips and tricks, you can create a report that is informative and engaging, as well as memorable. With Reach Reporting, you can take your clients’ financial reporting to the next level and help them make better financial decisions for their businesses.