Occurs annually with input from CEO, COO and CRO. Required inputs are as follows: Monthly Books and Records; Payroll; Expense Details among others.

Monthly Results and Forecast with Variance Reports include taking the monthly close of the books and developing an understanding of what drove financial results (eg Revenue, Gross Margin, Income), comparing results with budget / forecast and then variance reports that explain which expense categories were within expectation, above or below expectation and why.

Detailed P&L from Accounting Software like QuickBooks develops a rosetta stone from accounting software and puts it into a traditional P&L. This will often include but not be limited to the development of a labor model that takes payroll and places payroll expenses into the proper P&L categories.