What is a Periodic Report and Example?
Periodic reports summarize information at regular intervals – daily, weekly, monthly, quarterly, or annually. For example, sales and financial reports. Public companies registered with the SEC must file annual and quarterly reports to provide updated financial information to markets. Periodic reporting allows comparing financial statements among companies.
Types of Periodic Reports
A periodic report follows no set format. Many organizations use preprinted forms, such as monthly sales reports. Additionally, periodic reports play a role in justifying budgets and resources. There are two main types of periodic reports – status reports examining overall progress, and final reports concluding a project. Templates help customize periodic reports.
Effective Preparation of Periodic Reports
To prepare an effective periodic report, first collect required information and data. Then structure and format the report and use visual elements like charts. Finally, summarize key points to inform and impact the intended audience.