These KPIs (Key Performance Indicators):
- Gross profit as a % of sales
- Revenue Growth Rate
- Inventory Turnover
- Accounts Payable turnover
Should be evaluated and compared monthly.
How?
The best way to do this is through a weekly dashboard.
We provide this information for our clients but you can also do this yourself. If you are a DIYer include on your dashboard Sales, AR, AP, Cash Position, and Expenses every week.
Plan on it!
Schedule this time as a meeting with the CEO and keep the meeting!
If this is something you would like done for you be sure to schedule a discovery call!
Need additional Covid 19 Relief?
Are you ready to grow your business by making smarter business decisions with your financials?
If you would like more information on getting your financial statements completed for you every month and getting accounting off your to-do list be sure to schedule a discovery call!
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