www.BetterBottomLine.comKey Financial Reports andMetrics for Small BusinessPresented by:Scott Gregory, Creator:“Beyond Qui...
www.BetterBottomLine.comKey Financial Reports and Metrics…Complete Slide Deckis Available atwww.SlideShare.netSearch for ...
www.BetterBottomLine.comKey Financial Reports and Metrics…Photo courtesy of EverystockPhoto.com – danperry.com
www.BetterBottomLine.comKey Financial Reports and Metrics…Photo courtesy of Google Images
www.BetterBottomLine.comKey Financial Reports and Metrics…Photo courtesy of Google Images
www.BetterBottomLine.comKey Financial Reports and Metrics…Every business needsa Scorecard…otherwise, how do you knowhow yo...
www.BetterBottomLine.comKey Financial Reports and Metrics…Building YOUR Scorecard Start simple Beware of paralysis by an...
www.BetterBottomLine.comKey Financial Reports and Metrics…Building Your ScorecardMetric #1: Cash in the Bank• Pros?• Cons?
www.BetterBottomLine.comKey Financial Reports and Metrics…Building Your ScorecardMetric #2:Cash in the Bank+ A/R – A/P
www.BetterBottomLine.comKey Financial Reports and Metrics…Building Your ScorecardMetric #2: A/R = ?
www.BetterBottomLine.comKey Financial Reports and Metrics…Building Your ScorecardMetric #2: A/P = ?
www.BetterBottomLine.comKey Financial Reports and Metrics…Building Your ScorecardMetric #2: Cash in the bank + A/R – A/P• ...
www.BetterBottomLine.comKey Financial Reports and Metrics…Building Your ScorecardMetric #3: Profit Report“How did we do”?
www.BetterBottomLine.comKey Financial Reports and Metrics…Building Your ScorecardMetric #3: Profit Report• Understanding i...
www.BetterBottomLine.comKey Financial Reports and Metrics…Building Your ScorecardMetric #3: Profit Report• Income• Cost of...
www.BetterBottomLine.comKey Financial Reports and Metrics…Building Your ScorecardMetric #3: Profit Report• A major concern...
www.BetterBottomLine.comKey Financial Reports and Metrics…Building Your ScorecardMetric #3: Profit Report• “But my tax guy...
www.BetterBottomLine.comKey Financial Reports and Metrics…Building Your ScorecardMetric #4: Balance Sheet• “What I Own…”• ...
www.BetterBottomLine.comKey Financial Reports and Metrics…Building Your ScorecardMetric #4: Balance Sheet• Is the data rig...
www.BetterBottomLine.comKey Financial Reports and Metrics…Building Your ScorecardTaking it to the next level…• A/R Turnove...
www.BetterBottomLine.comKey Financial Reports and Metrics…Building Your ScorecardTaking it to the next level…• Inventory T...
www.BetterBottomLine.comKey Financial Reports and Metrics…Building Your ScorecardTaking it to the next level…• Average Sal...
www.BetterBottomLine.comKey Financial Reports and Metrics…Building Your ScorecardTaking it to the next level…• Gross Profi...
www.BetterBottomLine.comKey Financial Reports and Metrics…Building Your Scorecard“MBA Level Stats”Profitability by produc...
www.BetterBottomLine.comKey Financial Reports and Metrics…Building Your ScorecardCreate a “Dashboard” ofYOUR Key MetricsM...
www.BetterBottomLine.comKey Financial Reports and Metrics…Building YourScorecardReal LifeDashboardExample:
www.BetterBottomLine.comKey Financial Reports and Metrics…You do NOT have to be anaccountant to use a scoreboard foryour b...
www.BetterBottomLine.comKey Financial Reports and Metrics…Just like your pledge to deliver greatproducts or services….Make...
www.BetterBottomLine.com12 Things Every QuickBooks User…Questions? Comments!Scott GregoryE-Mail: Scott@BetterBottomLine.co...
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Key financial reports and metrics for small business

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This slide deck presents some ideas that small businesses can implement right now to help them get a much better handle on their finances.

Starting from the most basic metric (cash in the bank) and working through additional key performance indicators, these slides will help you better understand your business finances.

QuickBooks can easily be used as the foundation for creating many of these small business financial indicators.

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Key financial reports and metrics for small business

  1. 1. www.BetterBottomLine.comKey Financial Reports andMetrics for Small BusinessPresented by:Scott Gregory, Creator:“Beyond QuickBooks: Making Sense of Your Numbers”
  2. 2. www.BetterBottomLine.comKey Financial Reports and Metrics…Complete Slide Deckis Available atwww.SlideShare.netSearch for QuickBooks
  3. 3. www.BetterBottomLine.comKey Financial Reports and Metrics…Photo courtesy of EverystockPhoto.com – danperry.com
  4. 4. www.BetterBottomLine.comKey Financial Reports and Metrics…Photo courtesy of Google Images
  5. 5. www.BetterBottomLine.comKey Financial Reports and Metrics…Photo courtesy of Google Images
  6. 6. www.BetterBottomLine.comKey Financial Reports and Metrics…Every business needsa Scorecard…otherwise, how do you knowhow you’re doing?
  7. 7. www.BetterBottomLine.comKey Financial Reports and Metrics…Building YOUR Scorecard Start simple Beware of paralysis by analysis Forget about the “tax” issues
  8. 8. www.BetterBottomLine.comKey Financial Reports and Metrics…Building Your ScorecardMetric #1: Cash in the Bank• Pros?• Cons?
  9. 9. www.BetterBottomLine.comKey Financial Reports and Metrics…Building Your ScorecardMetric #2:Cash in the Bank+ A/R – A/P
  10. 10. www.BetterBottomLine.comKey Financial Reports and Metrics…Building Your ScorecardMetric #2: A/R = ?
  11. 11. www.BetterBottomLine.comKey Financial Reports and Metrics…Building Your ScorecardMetric #2: A/P = ?
  12. 12. www.BetterBottomLine.comKey Financial Reports and Metrics…Building Your ScorecardMetric #2: Cash in the bank + A/R – A/P• Pros?• Cons?• Common Problems?
  13. 13. www.BetterBottomLine.comKey Financial Reports and Metrics…Building Your ScorecardMetric #3: Profit Report“How did we do”?
  14. 14. www.BetterBottomLine.comKey Financial Reports and Metrics…Building Your ScorecardMetric #3: Profit Report• Understanding it?• A major concern?
  15. 15. www.BetterBottomLine.comKey Financial Reports and Metrics…Building Your ScorecardMetric #3: Profit Report• Income• Cost of Goods (COGS)• Expenses
  16. 16. www.BetterBottomLine.comKey Financial Reports and Metrics…Building Your ScorecardMetric #3: Profit Report• A major concern beforeusing this report is?
  17. 17. www.BetterBottomLine.comKey Financial Reports and Metrics…Building Your ScorecardMetric #3: Profit Report• “But my tax guy givesme this…”• How often?
  18. 18. www.BetterBottomLine.comKey Financial Reports and Metrics…Building Your ScorecardMetric #4: Balance Sheet• “What I Own…”• Understanding it• Assets, Liabilities,Equity
  19. 19. www.BetterBottomLine.comKey Financial Reports and Metrics…Building Your ScorecardMetric #4: Balance Sheet• Is the data right?• How often?
  20. 20. www.BetterBottomLine.comKey Financial Reports and Metrics…Building Your ScorecardTaking it to the next level…• A/R Turnover (how fast are youcollecting?):Net Sales / Average A/R
  21. 21. www.BetterBottomLine.comKey Financial Reports and Metrics…Building Your ScorecardTaking it to the next level…• Inventory Turnover (how fast areyou moving inventory?):Cost of Goods Sold / AverageInventory
  22. 22. www.BetterBottomLine.comKey Financial Reports and Metrics…Building Your ScorecardTaking it to the next level…• Average Sale per Invoice(excellent trending metric):Total Sales $ / Total # of invoices
  23. 23. www.BetterBottomLine.comKey Financial Reports and Metrics…Building Your ScorecardTaking it to the next level…• Gross Profit Margin:Gross Profit $ / Total Sales
  24. 24. www.BetterBottomLine.comKey Financial Reports and Metrics…Building Your Scorecard“MBA Level Stats”Profitability by product lineDebt to equityLabor ratiosMany others…
  25. 25. www.BetterBottomLine.comKey Financial Reports and Metrics…Building Your ScorecardCreate a “Dashboard” ofYOUR Key MetricsMakes it easy to spot trends
  26. 26. www.BetterBottomLine.comKey Financial Reports and Metrics…Building YourScorecardReal LifeDashboardExample:
  27. 27. www.BetterBottomLine.comKey Financial Reports and Metrics…You do NOT have to be anaccountant to use a scoreboard foryour business** - however, you may need help initially to help ensure yourdata is correct and your systems are working properly
  28. 28. www.BetterBottomLine.comKey Financial Reports and Metrics…Just like your pledge to deliver greatproducts or services….Make a pledge to develop andmonitor your business scorecard!
  29. 29. www.BetterBottomLine.com12 Things Every QuickBooks User…Questions? Comments!Scott GregoryE-Mail: Scott@BetterBottomLine.comPhone: (440) 527-5696Web: www.BetterBottomLine.com

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