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At TGG Accounting, we believe the difference between good and great financial reporting largely comes down to transparency and communication.
This is precisely why every single engagement we take on follows a structured reporting cadence, letting clients get total visibility into their business’s financial performance. From weekly updates to detailed monthly statements, here’s everything you should know about the TGG reporting cadence.
Weekly Reporting: Progress Check-Ins
Every TGG client is different, so reporting cadence can differ. A cornerstone of the TGG approach, however, is a consistent weekly report that provides a tailored progress check-in.
Weekly progress check-in reports at TGG often include:
- Accounts Payable (AP) Reports: Showing you what payments you need to make or send in any given week.
- Cash Flow Forecasts: An optional but valuable option giving you a bird’s-eye view for financial planning.
- Key Performance Indicators (KPIs): Individual to each business, these KPI reports can include sales, labor, material costs, and other metrics.
According to Richard Avila, Controller at TGG Accounting, the weekly reports often combine the key metrics and data that companies need to make tactical decisions on a weekly basis.
“Every client’s specific,” Avila said. “But from a weekly perspective, what I’ve always seen is that clients want to understand their cash flow position.”
Of course, as we’ll see later, weekly reporting is often a very individual process that includes the data and metrics important to an individual client. For business owners that need to make weekly payments to subcontractors or for materials, as an example, the data can be critical. TGG understands this, and strives to deliver it when it’s needed.
“Typically, we’d see an AP report go out on a Tuesday or Wednesday, to give business owners enough time to make approvals before payments go out at the end of the week,” he said.
Monthly Reporting: Comprehensive Financial Packages
Making week-to-week decisions is crucial, but more strategic business performance is often based on having even more data to work with. To that end, TGG Accounting also sends each client a comprehensive Financial Package each month with a wealth of data.
“Monthly reporting is really the culmination of all the work we do,” Avila said. “We have a process to ensure we deliver financials on or before the 15th of the month. The earlier we can get this to the business owner, the sooner they can make decisions.”
A monthly Financial Package report is an in-depth report that goes into granular detail about your business’s performance. Typically, it includes the following:
- Cover Page
- Executive Summary
- Triple Bottom Line KPIs:
- Net Income (Trailing 12 months)
- Net Equity
- Net Cash from Operations
- Company-Specific KPIs
- Balance Sheet
- Income Statement
- Cash Flow Statement
- Footnotes
According to Avila, the footnotes are often just as important — if not more important — than the rest of the Financial Package. It includes deep dives into trends, anomalies, and operational insights that don’t fit in other sections.
“The footnotes are where we really tell the story. It’s where we explain why something changed,” he said. “It explains in detail why something increased, decreased, or stood out.”
Custom Reporting Schedules: Tailored to Your Business
The TGG reporting cadences above are the closest thing to a “standard” schedule among clients, but Avila says that no two businesses are alike. As such, most TGG clients get a customized reporting schedule that’s adapted to their company’s unique circumstances, needs, and financials.
For example, Avila pointed to one case study involving a home builder subcontractor. TGG’s reporting cadence for this specific client tracked work orders based on stage, provided revenue insights from volume, and offered details on payment status and collection cycles.
“I have a client who moved to Salesforce, and now we can track every stage of a work order — from completion to invoicing to billing to payment — and build reports around each stage,” Avila said.
These types of custom reporting cadences allow TGG clients to get the data that they need, when they need it. Ultimately, that allows them to make smarter decisions.
“We don’t just provide bookkeeping,” Avila said. “We work through system migrations and help build custom reporting that aligns with how our clients operate.”
What types of Metrics Are Reported
According to Avila, the exact metrics and data included in each type of report differs based on the firm, but might include:
- Current Ratio – Liquidity health
- Debt Ratio – Leverage and solvency
- Gross Profit Margin – Revenue efficiency after COGS
- Days Sales Outstanding (DSO) – Collection speed
- Days Payables Outstanding (DPO) – Vendor payment cycles
And KPIs can change over time as clients grow, shift systems, or adjust business goals.
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Matt Garrett is the Founder and Chief Executive Officer of TGG. He is a regular speaker across the country on behalf of Vistage educating business owners on the need for sound financial practices, and is Vice President of the Board of Directors of FINACA. Under Matt’s leadership, TGG has received the following recognition: INC. 5000 top companies in the U.S. five years in a row; one of “San Diego’s Fastest Growing Companies” the past four years; and is among San Diego’s “Best Places to Work.”
