Let's be honest: weekly reports are a pain.
That said: weekly reports are a vital method of communication between employees, managers, and other departments within the company.
You're already familiar with financial reports; every business is required to report their finances in line with GAAP (generally accepted accounting principles) regulations.
Financial reports give you a general overview of your company, but if you want specific insights on operations and performance, you need to use management reports as well.
Management reports may seem like an unnecessary expense, but they actually provide your team with crucial information that improves responsiveness, decision-making, and efficiency.
But isn't that just more paperwork for your managers to do each week?
If you ask just about any manager if they'd like to make their reporting more efficient, the answer would be a resounding YES. That's where this Manager Weekly Report Checklist Template comes in.
At Process Street, we've designed a checklist template that combines both financial and management reporting in one place, allowing your managers to kill two birds with one stone. Not only that, at the end of the checklist, they can automatically send the compiled details to the necessary department.
This checklist is designed to be run at the end of the work week to give your managers a way to easily reflect on their productivity.
By documenting their successes as well as failures, managers can use that information to create a more detailed and effective plan for future goals and projects.
Knowing where your business sits in relation to last year's numbers - and why - is an essential part of keeping your company running like a well-oiled machine. Everything from the weather, to a competitor's new strategy, to which employees were out sick that day impacts your performance.
Being aware of these factors will not only ensure you're more prepared in the future, but also give you a more accurate picture of the overall health of your company.
Every company is unique, and every industry has its specific concerns. This template, however, is designed to be broad enough that you can adapt it to your managers' needs, but also specific enough that you can use as is if you choose.