What financial reports should a growing business review every month?

Review revenue, direct costs, gross profit and overheads so you can see whether sales are translating into profit. Compare the month and year-to-date position with budget, forecast or a useful prior period.

The balance sheet shows what the business owns and owes, while cash reporting shows what is actually available and what is expected to move. Both matter because profit alone doesn't tell you whether bills can be paid.

Aged debtors, aged creditors and, where relevant, stock should be reviewed regularly. Growth can consume cash quickly if customers pay slowly or money is tied up in inventory.

Add the operational measures that explain financial performance. Keep the list short enough to use. The best monthly pack helps you spot movement and decide what to do, rather than simply proving that lots of data exists.