What is the effective "as of" date of the report typically set to?

The effective "as of" date of the report is typically set to the 15th of each month because this date often provides a balanced overview of data for the preceding month. Setting the date in the middle of the month allows for the capture of all relevant information up until that point, thereby enabling a more comprehensive and accurate representation of the data. This timing helps ensure that recent developments are included while still providing a clear view of the monthly performance.

In many operational practices, a mid-month reporting date allows organizations to capture trends and any issues that may have arisen at the beginning of the month while still allowing time for data consolidation and analysis. This approach facilitates better decision-making as it provides stakeholders with a timely snapshot of performance indicators.