Accounting services are the backbone of an organization. Understanding how money is spent, allocating payroll and managing taxes ensures satisfied employees, stable customers and a secure business. With so many variables at play, you need a specialty analytics solution that can analyze and break down the data in an easy-to-understand format. This data can then be displayed in comprehensive visualizations that provide actionable insights.
With the right analytics solution you can:
Identify the essential Key Performance Indicators (KPIs) to understand your accounting data
Visualize, interact with, and analyze your data to gain quick, actionable insights
An accounting management key performance indicator (KPI) is a standard measurement used to balance your books and keep tabs on the cashflow. KPIs can be set up across key activities that are critical to the understanding of the financial situation of the organization.
Check out some examples below of real accounting management KPIs that teams are tracking with Toucan!