Key Performance Indicators (KPI)
KPI 101
Key Performance Indicators (KPI) are financial and non-financial metrics used to help an organization define and measure progress toward organizational goals. KPIs are used in Business Intelligence (BI) to assess the present state of the business and to prescribe a course of action. KPIs differ depending on the nature of the organization and the organization's strategy. They help an organization to measure progress towards their goals, especially toward difficult-to-quantify knowledge-based goals.
KeyTrac KPIs
KeyTrac™ for QuickBooks® Pro comes with a set of core KPIs that address the metrics management needs of many businesses. These KPIs are are based on the QuickBooks Account Types as well as custom Account Types specific to KeyTrac.
The types of KPI's delivered with KeyTrac are:
- Income statement including fixed and variable costs to facilitate contribution margin analysis
- Balance sheet areas
- Key ratios that indicate trends in the stabily of the company and its ability to finance growth
- Areas to focus on to generate more cash and profits
- Break-even analysis to help with imortant spending and pricing decisions
- Historical trend reports that help in communication with your bank
- Operational KPI's that can be blended with financial performance information to provide a full picture of the business
If you elect to go with the Premier version of KeyTrac for QuickBooks, you and your trusted financial advisor can create and configure KPIs that are specific to your organization by mapping individual accounts to the KPIs they create.
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