Unlock the Power of Fathom Reporting

Unlock the Power of Fathom Reporting

Table of Contents

  1. Introduction
  2. The Power of Visual Components in Fathom Reporting
  3. Effective Communication of Financial Performance
  4. Easy Editing and Customization of Reports
  5. Scaling Reporting with Template Sharing
  6. Streamlining Reporting with Report Schedules
  7. Managing Access and Visibility of Reports
  8. Predefined Templates to Jump Start Reporting
  9. Creating Custom Templates for Future Reports
  10. Organizing and Searching Templates and Reports
  11. Creating a Custom Monthly Report Template
  12. Customizing Headers and Logos in Reports
  13. Adding Text, Observations, and Commentary to Reports
  14. Visualizing Metrics with Trend Charts
  15. Highlighting Key Metrics with Key Number Charts
  16. Breaking Down Metrics with Breakdown Charts
  17. Exploring Page Layouts for More Reporting Options
  18. Importing Non-Financial Data and Using Pie Charts
  19. Creating KPI Tables for Data Comparison
  20. Using Financial Statements to Assess Overall Performance
  21. Incorporating Forecast Projections in Reports
  22. Utilizing Forecast-Specific Reporting Components
  23. Previewing and Downloading Reports
  24. Customizing Report Templates and Disclaimers
  25. Reordering Sections and Duplicating Reports
  26. Automating Reporting with Report Schedules
  27. Notifying Stakeholders and Sharing Reports
  28. Downloading Excel Reports in Fathom

Introduction

Fathom enables business owners and stakeholders to Create powerful, professional reports quickly. However, many individuals find financial statements and spreadsheets overwhelming due to the abundance of numbers. Fathom's visual components and commentary provide a solution by allowing users to effectively communicate their business's story and financial performance. In this article, we will explore the features of Fathom reporting and discuss how they can enhance Clarity and confidence in financial reporting.

The Power of Visual Components in Fathom Reporting

Fathom reporting goes beyond traditional numeric presentations by incorporating visual components such as tables, charts, and commentary. These visuals help tell the story of a business's financial performance, making it easier for stakeholders to understand and interpret the numbers. With Fathom, You can create visually appealing reports that engage and inform your audience, ultimately leading to better decision-making.

Effective Communication of Financial Performance

One of the main objectives of financial reporting is to effectively communicate the Current financial performance of a business. Fathom makes this task easier by providing a range of reporting components that can be dragged and dropped into reports. These components, including tables, charts, and text options, are easily editable, allowing you to go beyond the numbers and provide clarity and Context to stakeholders. Fathom's reporting capabilities enable you to tell the story of how and why the business reached its current financial state and where it is heading in the future.

Easy Editing and Customization of Reports

Fathom's user-friendly interface allows for easy editing and customization of reports. Whether you need to make changes to tables, charts, or text components, Fathom's intuitive design makes the process simple and efficient. With just a few clicks, you can rearrange report components, add new elements, or modify existing ones. This flexibility ensures that your reports accurately reflect the specific needs and requirements of your business.

Scaling Reporting with Template Sharing

Template sharing is a powerful feature in Fathom that allows you to Scale your reporting efforts. By sharing report templates with other companies or groups, you can efficiently create standardized reports and maintain consistency across your organization. With template sharing, you can also control access and permission settings, ensuring that only authorized users can edit or modify the templates. This feature not only saves time but also promotes collaboration and enhances reporting accuracy.

Streamlining Reporting with Report Schedules

Creating monthly, quarterly, or yearly reports can be a time-consuming task. However, Fathom simplifies this process by allowing you to automate report generation with report schedules. With report schedules, you can set specific dates and intervals for reports to be automatically created and distributed. This automation saves you valuable time, allowing you to focus on analyzing the data and providing valuable insights to stakeholders.

Managing Access and Visibility of Reports

Fathom provides robust access management features, allowing you to control who can view and edit reports. With customizable access settings, you can tailor the visibility of reports Based on user roles and permissions. This ensures that sensitive financial information is only accessible to authorized individuals. Whether you need to limit visibility to draft reports or share specific reports with selected stakeholders, Fathom offers the flexibility and security to meet your reporting needs.

Predefined Templates to Jump Start Reporting

For users who are new to Fathom or in need of a quick reporting solution, the platform offers a range of ready-to-go predefined templates. These templates serve as a starting point for creating reports and can be used as-is or customized to fit your business's unique reporting requirements. The predefined templates cover various reporting scenarios, making it easy to jump-start your reporting efforts and gain immediate insights into your financial performance.

Creating Custom Templates for Future Reports

While predefined templates are a great starting point, Fathom also allows you to create custom templates for future reports. Custom templates are templates that you or your team have created or customized to suit your specific reporting needs. Whether you want to create a template based on a predefined one or design a custom template from scratch, Fathom provides the tools and flexibility to create reports that Align with your business's unique reporting requirements.

Organizing and Searching Templates and Reports

As your library of templates and reports grows, it's important to have an organized system for locating and accessing them. Fathom makes it easy to organize your templates and reports with a user-friendly interface. With the ability to sort, search, and filter, you can quickly find the template or report you need, saving you time and ensuring that your reporting workflow remains efficient and productive.

Creating a Custom Monthly Report Template

Let's dive into the process of creating a custom monthly report template in Fathom. This example will guide you through the steps involved in designing a template specifically tailored for monthly financial reporting. By following this process, you'll be able to create a template that can be reused and customized for future monthly reports.

To create a custom monthly report template in Fathom, start by accessing the Report Center. Here, you can access the various areas and features of Fathom's reporting capabilities. The left sidebar provides easy navigation to different sections of the Report Center.

Customizing Headers and Logos in Reports

A professional and branded report starts with a customized header. In Fathom, you can easily add your business or firm's logo to the report header, allowing you to customize the report to your specific business. The report header has both online and print versions, ensuring that your logo appears consistently in both formats. Customizable header options include additional formatting choices, providing you with the flexibility to create visually appealing and Cohesive reports.

Adding Text, Observations, and Commentary to Reports

Adding text components is a key aspect of customizing your report template. Fathom allows you to add text boxes with multiple columns, which can be used to introduce the report, provide context, and present key findings. When using a template to create future reports, placeholder text can be utilized to reference specific financial or KPI results. Fathom also offers the option to add observations, which are dynamic text components that automatically update based on the metrics' results. Observations provide valuable insights and further explanation of the selected metrics, creating a comprehensive and informative report.

Visualizing Metrics with Trend Charts

Trend charts are an effective way to visually represent the performance of metrics over time. In Fathom, you can add trend charts to your report template, providing a clear visual picture of how key metrics have changed over a specified period. Customization options for trend charts include selecting variables to display, choosing chart types (line, bar, or area), and assigning colors to variables. By utilizing trend charts, you can present complex financial data in an easily digestible format, allowing stakeholders to quickly grasp performance trends and Patterns.

Highlighting Key Metrics with Key Number Charts

Key number charts are another valuable reporting component in Fathom. They allow you to present important metrics prominently, giving them the Attention they deserve. With key number charts, you have the ability to customize the appearance, such as adding comparisons or descriptions, to provide additional context to the metric. By using key number charts strategically, you can emphasize the significance of specific metrics and highlight their impact on overall performance.

Breaking Down Metrics with Breakdown Charts

To gain a deeper understanding of metrics, breaking them down into different classifications is essential. Fathom enables you to add breakdown charts to your report template, allowing for a detailed analysis of the components contributing to a particular metric. By default, breakdown charts Show a classification breakdown by account. However, if your business operates as a Consolidated group or has divisions, you can also break down metrics by company or division. By utilizing breakdown charts, you can uncover valuable insights and identify the driving factors behind metric performance.

Exploring Page Layouts for More Reporting Options

While individual components are powerful, Fathom also provides page layouts that bring multiple reporting elements together. Page layouts offer a comprehensive and structured approach to reporting by combining various components into a single report section. By incorporating page layouts into your report template, you can explore additional reporting options and further customize the structure and presentation of your reports.

Importing Non-Financial Data and Using Pie Charts

Fathom offers the capability to import non-financial data, expanding the scope of your reports beyond financial performance metrics. Non-financial data can include factors such as the number of employees or the number of contracts. By importing non-financial data into Fathom, you can reference these metrics in your reports and provide a holistic view of your business's performance. Pie charts are a valuable visualization tool to represent data breakdowns by different categories. By utilizing pie charts in your report template, you can present data in a visually compelling and easily understandable manner.

Creating KPI Tables for Data Comparison

Key Performance Indicator (KPI) tables are a powerful reporting component in Fathom that allow you to compare metrics across different periods or categories. These tables can be customized, allowing you to add or remove metrics, choose reporting frequencies, and even include performance comparisons to targets or prior periods. By including KPI tables in your report template, you can provide stakeholders with a comprehensive analysis of key metrics and their performance trends.

Using Financial Statements to Assess Overall Performance

Financial statements play a crucial role in assessing the overall performance of a business. Fathom provides various financial statement options that can be added to your report template. You can choose the Type of financial statement (e.g., profit and loss, balance sheet), as well as the level of Detail to be displayed. By customizing financial statements in your report template, you can present a comprehensive view of your business's financial performance and allow stakeholders to analyze key financial metrics.

Incorporating Forecast Projections in Reports

To provide stakeholders with insights into the future of your business, Fathom allows you to incorporate forecast projections into your reports. By adding a forecast, Scenario projection, or budget projection to your report template, you can present stakeholders with a forward-looking perspective on financial performance. Fathom offers various reporting components specific to forecasting, such as multiple table options and scenario comparison charts. By utilizing these components, you can effectively communicate your business's projected financial performance and aid in decision-making processes.

Utilizing Forecast-Specific Reporting Components

Forecast-specific reporting components in Fathom offer additional functionalities for presenting and analyzing forecast data. These components allow for more detailed breakdowns and comparisons, enabling stakeholders to understand the underlying factors driving future projections. By utilizing forecast-specific reporting components such as forecast data tables and scenario comparison charts, you can provide a comprehensive and insightful analysis of your business's forecasted financial performance.

Previewing and Downloading Reports

Before finalizing and sharing your reports, it's essential to preview and review them for accuracy and clarity. Fathom allows you to preview reports in both online and PDF formats. Online reports are dynamic and automatically update if data changes in Fathom. PDF reports, on the other HAND, are static and remain unchanged. You can also download the reports in PDF format, ensuring that stakeholders have an offline version for reference or sharing purposes. Additionally, Fathom offers the ability to customize disclaimers in the PDF reports, allowing you to tailor the information or notifications included in the report.

Customizing Report Templates and Disclaimers

Fathom's customizable report templates provide flexibility in tailoring your reports to meet specific requirements. In the template settings, you can update the template name and choose to allow report viewers to add comments to reports created from the template. Comments enable stakeholders to provide feedback, ask questions, or share additional insights on published reports. In addition, Fathom allows you to personalize the disclaimer statement in the PDF version of the report, ensuring that it aligns with your organization's branding and guidelines.

Reordering Sections and Duplicating Reports

Fathom's Outline feature allows you to reorder report sections, making it easy to structure and organize your reports according to your preferences. You can quickly move sections up or down in the report hierarchy to create a logical flow of information. Additionally, you can duplicate report sections, facilitating the creation of similar reports or the extraction of specific sections from existing reports. These features enhance the flexibility and efficiency of report customization, saving you time and effort in the reporting process.

Automating Reporting with Report Schedules

Report schedules play a significant role in automating the reporting process in Fathom. By creating report schedules, you can define the frequency, timing, and recipients of your reports. With automated report generation, you no longer have to manually create reports every month or quarter. Fathom will automatically generate the reports according to the specified schedule and distribute them to the designated recipients. This feature saves time, eliminates human error, and ensures that reports are consistently delivered in a Timely manner.

Notifying Stakeholders and Sharing Reports

Once your reports are ready for publishing, Fathom provides options for notifying stakeholders and sharing reports. After publishing a report, you can send email notifications to stakeholders, encouraging them to log into Fathom and access the online version of the report. By doing so, you ensure that stakeholders are aware of the report's availability and have an opportunity to review it. Sharing reports via email and online access enhances communication and collaboration among stakeholders, fostering informed decision-making and improving the overall reporting process.

Downloading Excel Reports in Fathom

In addition to online and PDF reports, Fathom also allows you to download reports directly to Excel. This feature is particularly useful if stakeholders prefer working with Excel spreadsheets or if further analysis is required. By providing Excel reports, Fathom ensures compatibility with various reporting preferences and processes, allowing stakeholders to manipulate and analyze the data according to their specific needs.

By leveraging the features and capabilities of Fathom, you can create powerful, professional reports that effectively communicate your business's financial performance. From visualizing metrics with trend charts to incorporating forecast projections, Fathom empowers you to confidently present your financial data and tell your business's story. With streamlined reporting processes and automation capabilities, Fathom saves you time and effort, enabling you to focus on providing valuable insights and advice to stakeholders.

FAQ

Q: Can I customize the headers and logos in my Fathom reports? A: Yes, Fathom allows you to easily add your business or firm's logo to the report header, ensuring a professional and branded appearance. Customizable options for headers and logos are available in the report editor.

Q: Can I automate the creation of monthly reports in Fathom? A: Yes, Fathom offers report schedules that allow you to automate the generation of monthly reports. You can specify the frequency, timing, and recipients of the reports, ensuring that they are created and distributed without manual effort.

Q: Are there predefined templates available in Fathom for quick reporting? A: Yes, Fathom provides a range of predefined templates that can be used as a starting point for your reports. These templates cover various reporting scenarios and can be customized to fit your specific needs.

Q: Can I import non-financial data into Fathom for reporting purposes? A: Yes, Fathom allows you to import non-financial data, expanding the scope of your reports beyond financial metrics. This capability enables you to present a holistic view of your business's performance and incorporate relevant non-financial factors.

Q: How can I customize the appearance of charts and tables in my Fathom reports? A: Fathom provides a wide range of customization options for charts and tables. You can choose chart types, assign colors, add comparisons, and modify table layouts to ensure that your reports are visually appealing and effectively convey information.

Q: Can I share my Fathom report templates with other companies or groups? A: Yes, Fathom offers template sharing capabilities, allowing you to efficiently create standardized reports and maintain consistency across multiple organizations. You can control access and permissions to ensure that only authorized users can edit or modify the templates.

Q: Can I preview my Fathom reports before sharing them with stakeholders? A: Yes, Fathom allows you to preview your reports in both online and PDF formats. This enables you to review the reports for accuracy and clarity before sharing them with stakeholders.

Q: Can I schedule reports to be automatically generated and distributed in Fathom? A: Yes, with Fathom's report schedules, you can automate the generation and distribution of reports. You can specify the timing, frequency, and recipients for the reports, saving time and ensuring consistent reporting.

Q: What options are available for sharing Fathom reports with stakeholders? A: Fathom provides options for sharing reports via email and online access. You can send email notifications to stakeholders with links to the online version of the report, allowing for easy and convenient access.

Q: Can I export Fathom reports to Excel for further analysis? A: Yes, Fathom allows you to download reports directly to Excel. This feature enables stakeholders to manipulate and analyze the data according to their specific needs or preferences.

Q: Are there forecast-specific reporting components in Fathom? A: Yes, Fathom offers a range of forecast-specific reporting components that are designed to enhance the communication of future projections. These components include forecast data tables, scenario comparison charts, and balance sheet layer detail, among others.

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