The business activities and financial status are enumerated, summarized, and recorded in an annual report. The annual report can be a financial document distributed by businesses to shareholders, potential investors, and analysts or it might be a project report created by students to highlight the research progress. Nonetheless, it is the most reliable source of information regarding an organization's current performance and success.
Small firms and non-profit organizations, on the other hand, publish yearly reports in order to engage with consumers and give information about previous performance and future goals. This article will illustrate key information regarding how to create an annual report in Word 2022.
What is an Annual Report?
Typically annual reports include a basic review of the company's operations during the previous year. An annual report normally includes an introductory letter from the chairman, a business biography, management analysis, and financial details. The annual report is a crucial part of corporate reporting. The elements covered in the yearly reports differ since they are based on unique and legal requirements.
How to Write a Good Annual Report?
Annual reports are vital aspects of brand transparency and responsibility. Rather than developing a voluminous document that only a few people comprehend, businesses are creating annual reports that communicate to a wide range of individuals. These reports explain the brand's values and objectives. Producing a visually and narratively precise annual report may help firms engage with shareholders, investors, and consumers.
Convey the Key Message
Convey your key message to investors, in the annual report. Businesses establish long-term relationships by tying their actions and successes to their overall aims and mission statement.
Structure and Content
Aside from the essentials, such as the introduction, chairman's letter, business profile, and financial statement, the annual report should have a storyline that defines the general framework of the report and organizes the material around a narrative thread. The annual report's content should be open and honest. Don't over-write your achievements or hide your misfortunes.
Use Proper headings
Make space for images, infographics, and other visually appealing components. Keep the text brief and straightforward. Use a bright, complementary color palette and layout methods.
Steps to Create Annual Report in Word
- Open the Word app and search for the annual report in the search bar.
- Then click on any layout or style you like.
- After this, a pop-up window will show-up.
- Click on the create option.
- Now fill all the information in relevant blanks..
- Save the report, then a Word report File will be created on your PC.
WPS Office - The Best App To Write Annual Reports
Because MS Word has high service charges, if you're seeking for an app to assist you improve your reporting experience, go no further than WPS Office. This tool enables you to efficiently create daily, weekly, monthly, and annual reports. WPS Office, in addition to reporting, allows you to change and create other types of documents such as PDF and Excel.
Steps to Create Annual Report in WPS
- To make a productive Mid-year report in WPS Office, click the “+” menu option, then, select New and then Document.
- You'll be asked to name your document, after that, choose a template under Work templates to proceed. Here you can choose a suitable quarterly work report template there. After you've chosen a template, all you have to do is fill in the fields with relevant information.
Conclusion
WPS Office is a free office productivity application that will enhance your document-creation experience. Download the WPS Office app now to efficiently compose or produce annual reports.
