Communicating with your board is hugely important for any finance reporting, but how do you improve it?

😊 𝗕𝗲 𝗲𝗺𝗽𝗮𝘁𝗵𝗲𝘁𝗶𝗰. 

Put yourself in their shoes and understand they aren’t financial experts or involved in day-to-day operations. Since they’re probably very busy, keep things succinct and be ready for questions.

🪟 𝗕𝗲 𝘁𝗿𝗮𝗻𝘀𝗽𝗮𝗿𝗲𝗻𝘁.

Objectivity is your superpower, so be open and honest about the good and bad financial situations. If you’re consistently honest they’ll trust your opinion and know they’re in safe hands.

🤝 𝗣𝗿𝗼𝘃𝗶𝗱𝗲 𝗰𝗼𝗻𝘁𝗲𝘅𝘁.

It’s all about the big picture for board members, so context is crucial. It helps weave the narrative of smaller performance measures and provides perspective that leads to understanding.