• Stanley

How to generate reports easily?

Updated: a day ago

Anyone would agree that the evolution of digital assistance has disrupted the business world drastically. Whether you are a business owner, customer or service provider, you would rely on applications that fulfill your needs immediately which is what vaultbox does. Have you had enough of collecting data and inserting it into the spreadsheet to produce accurate reports?

vaultbox’s automated reporting and analysis features enable you to monitor your progress towards your financial goals holistically. These auto-generated reports are reliable, precise and can be presented as an easy-to-understand summary with useful graphic formats. vaultbox helps users accurately track their data right at their fingertips.

vaultbox provides excellent tools for evaluating investments and managing your budget - standard reports include balance sheet reports, graphic representations of net worth positioning over time, and pie charts showing the allocation of your net worth across different asset classes and currencies. vaultbox allows you to manage your vital financial information, safely stored in one convenient location.

Benefits of having financial reports readily available:

  • Furnish your financial planners or bankers the updated financial reports for them to have an overview of your finances and provide better investment advice and product offerings

  • Provide an overall view of your net worth which helps with tax structuring and reporting

  • Help with an in-depth and meaningful discussion with wills and estate planners for legacy planning

  • Present your loved ones on your financial health report during family discussions or succession planning in case something happens to you unexpectedly

  • Regular tracking of your net worth and financial goals

Viewing and understanding your reports

With vaultbox’s simple navigation bar on the “Registry” page, you would be able to navigate to the balance sheet page. On this page, you would be able to see the complete listing of your assets and liabilities in their original currencies and base currency; and at the bottom of the page, the overall net worth in base currency. You can pick various dates to see past snapshots of your historical balance sheet position as of that particular date. vaultbox would generate your personalised balance sheet instantly and it can be downloaded in Excel or PDF file. Your balance sheet report comes in both “base” and “dual” currencies.

Under the “Reports” page, you would be able to sight your net worth progression over time. Each green dot on the graph represents each time you login into your vaultbox account where the exchange rate of your asset and liabilities will be automatically updated. At the same time, the dots also correspond to the time you make updates to your assets and/or liabilities. The net worth time-graph could be customised to your preferred time frame using the predefined ranges from 1 week, 1 month, 3 months, 6 months, 1 year, 3 years and 5 years.

Below the net worth time-graph, you would be able to view the latest position of your assets and liabilities in pie charts. There are 2 sets of pie charts for each assets and liabilities. Each set shows the breakdown of your assets or liabilities by types and currencies. This information is particularly useful for you to analyse if you are over or under exposed in a particular asset/liability type or currency and subsequently, you would be able to make informed decisions on balancing your portfolio.

Now that you have learned how easy it is for vaultbox to generate personalised financial reports for you, we hope that you found vaultbox reporting features beneficial for your financial and legacy planning.

What is vaultbox?

Having a safe and easily accessible platform for all your important information has never been more important and vaultbox can solve some of your issues, if not all!

vaultbox provides a digital solution for financial and legacy planning. We strive to help you manage and protect everything that matters in one place. vaultbox also ensures that your data is secure and private, so private that even we do not have access to the data you have stored on your vaultbox. However, if you want, you can choose your family members, friends or appoint selected professional deputies to have access to your vaultbox account.

Try vaultbox now for free with a 30-day trial.

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