Business progress summary report

The business progress summary report allows you to produce a report that gives an overall indiction on the health of your business, this report is primarily used for businesses involved with the Princes Trust – the report will be used by the mentor to see the current health of the business.

Running the Report

  1. Go to Home > Reports.

  2. Select Business then select Business Progress Summery.

  3. Select to run the report Invoice based or Cash based.

    • Invoice Based: The report is run for invoices and purchases issued, though not necessarily paid.
    • Cash Based: The report is run for only invoices or purchases that have been paid.
  4. Select the Start Date and End Date to cover the reporting period.
  5. Select View report.

Specifying report details

The next step is to specify the details to be included on the report, these will appear in the document produced.

  • Client: This is your name.
  • Trading as: This is the name of your business.
  • Mentor: This is the name of your business mentor.
  • Period Covered: This is the period of the report and will automatically populate with your specified Start Date and End Date.
  • Number of months since receipt of funding: This should be the amount of time (in months) since you last received a round of funding.
  • Sales in this period: This will automatically calculate the amount of money you have taken in sales over the period specified.
  • Expenses in this period: This will automatically calculate the amount of money you have spent on expenses over the period specified.
  • How much did you draw from the business in this period?: Enter in your drawings here.
  • What is your bank balance?: Enter in your bank balance as of the end date of the report.
  • Progress: Enter details on the progress you have made towards your goals and other pertinent information.
  • Specific Actions Agreed: Enter in the details of actions agreed by your mentor.
  • Status: Select from the menu High growth, trading well, trading, trading concern or ceased trading.
  • Request for assistance or advice from the external agency: Enter in details on assistance or advice required.
  • Agreed date of next meeting: Enter the date when your next meeting is scheduled for.
  • Mentor/Client hours together since last summary: The time (in hours) spent with your mentor since the last summary.

When ready, select Create Report. A PDF is created detailing the information you have entered.