A monthly sales report has a number of format options, so the format in which it should be written depends on the company's preferences. However, there are some standard pieces of information common to all sales reports.Know More
Most sales reports start with the biggest accomplishment of the month. If a company exceeded its sales goals or increased business accounts by 10% or whatever the biggest accomplishment was for the month, that's what should start the report. This is then followed by the sales numbers. Managers can track numbers by product, salesperson or another method specific to the company. Following the numbers should be an explanation of why any goals weren't met. For instance, if a company projects $10,000 in sales for the month but only attained $9,000, the sales report should list the reasons why the goal was not met. It's also helpful to list an action plan for meeting future goals rather than listing excuses about why the goals weren't met.
A sales report should never include "fluff." A good sales report is brief and gives managers and salespeople the most up-to-date numbers. It also provides insight that allows managers and executives to make decisions before a downturn in sales turns into something more serious.Learn more about Marketing & Sales
A sales budget is important because it helps the company determine how much revenue it's expected to make on a product, how much the expenses will be and how many units will need to be produced for the period. Therefore, the sales budget serves as an important planning tool for the company overall. It can also help the company monitor its performance if the company compares actual sales to projected sales.Full Answer >
A sample 30-60-90 day sales plan includes: the first 30 days utilizing time by training, meeting team members, learning the company's policies, reviewing client accounts and reviewing procedures; the first 60 days utilizes time by studying best practices in the industry, setting goals for the next 30 days, meeting with supervisors, getting feedback, building relationships with coworkers, finding possible mentors and continuing training; the first 90 days utilizes time by obtaining feedback and incorporating it into the sales plan while implementing new procedures and strategies. This is a sample 30-60-90 day sales plan that can be used regardless of the company or the industry.Full Answer >
Average daily sales are calculated by dividing the annual sales by the number of days in the sales period. This formula allows a business to calculate its sales per day using information from annual, quarterly or semi-annual sales.Full Answer >
The formula for calculating cost of sales is adding the starting inventory, inventory purchases and overhead expenses together and subtracting that number from inventory at the end of the year, according to Chron. This formula subtracts the sales cost from the amount earned through sales to determine the company's income.Full Answer >