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What is financial reporting within accounting software? What finance KPIs are commonly put on dashboards? What is consolidated reporting? How does self-service BI (e.g. Power BI) extend finance reporting?
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Accounting Software & Systems › Reporting & Dashboards

What is the difference between standard and custom reports?

Intermediate

Answer

Standard reports ship with the software (P&L, TB); custom reports are built for specific needs (by segment, KPI, or layout) using the tool's report writer.
Custom: P&L by department with budget vs actual columns
Real-world example A CFO wants profit by region and channel, which needs a custom report.
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