3.1 Internal Reports

• Monthly Financial Report: Tracks income, expenses, profit margins.
• Project Financial Report: Budget vs. actuals, flagged overspending.

3.2 Client Billing Reports

• PM ensures milestone invoicing aligns with deliverables.
• Reports include payment status, outstanding balances, and expected cash flow.

3.3 Audit & Compliance

• Quarterly internal audits to ensure accurate bookkeeping.
• Documentation stored for at least 3 years for transparency and tax compliance.