Accounting and finance, 20 metrics & KPI

by / Monday, 10 August 2015 / Published in Billet, KPI & Metrics

Before dashboard creation, it’s important to define metrics and key performance indicators (KPI). Which of them will you use into your dashboard? This choice depends on your function, your strategy and your market. Difference between metric and KPI is objective. A KPI is a metric with an objective, a status and one or more trend(s).

You can use these metrics and KPI for strategical, tactical or operational dashboard. Context and filter will define the level. Be sure to develop your dashboard according on your organizational strategy and with business team, accounting analysts and accounting managers.

There are others metrics and KPIs for accounting and finance department. I’m listing some KPIs that I often implement for my clients.

Accounting and finance Metrics and KPI list

I propose to present 20 metrics and KPI for the accounting and finance department:

  • Accounts payable turnover

  • Accounts receivable turnover

  • Budgeted expenses

  • Cash flow return on investments (CFROI)

  • Cost of goods sold (COGS)

  • Cumulative annual growth rate (CAGR)

  • Cycle time to process payroll

  • Cycle time to resolve an invoice problem

  • Cycle time to resolve a payroll problem

  • Earnings before interest and taxes (EBIT)

  • Earnings before interest, taxes, depreciation (EBITDA)

  • Employee available time

  • Employee scheduled time

  • Invoice processing costs

  • Internal rate of return (IRR)

  • Net income

  • Net present value (NPV)

  • Percentage of bad debts against invoiced revenue

  • Percentage of payable invoices without purchase order

  • Return on capital employed (ROCE)

Warning: when you calculate an average, you need to analyze it with standard deviation.

To calculate these metrics and KPI you need to have access to your data: accounting system and operational systems.

 

20′ lists of Metrics & Kpis

 IT kpi HR kpi accounting kpi sales kpi marketing kpi management kpi


food service kpi construction kpi call Centers kpi transport kpi financial retail kpi mediakpi manufacturing kpi Health care kpi


finances kpi assurances finances indic kpi

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David-Marc Petit

David-Marc Petit

Président at DWBI Expert
David-Marc PETIT est le président de DWBI Expert Inc. Il cumule plus de 20 ans d’expérience dans des entreprises de toutes tailles et tous secteurs, sur trois continents, en tant qu’expert en intelligence d’affaires. Il a fait de sa mission la démocratisation de l’intelligence d’affaires (Business Intelligence) pour optimiser les revenus et la performance de ses clients.
David-Marc Petit
David-Marc Petit

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