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.
21. www.BetterBottomLine.com
Key Financial Reports and Metrics…
Building Your Scorecard
Taking it to the next level…
• Inventory Turnover (how fast are
you moving inventory?):
Cost of Goods Sold / Average
Inventory
22. www.BetterBottomLine.com
Key Financial Reports and Metrics…
Building Your Scorecard
Taking it to the next level…
• Average Sale per Invoice
(excellent trending metric):
Total Sales $ / Total # of invoices
27. www.BetterBottomLine.com
Key Financial Reports and Metrics…
You do NOT have to be an
accountant to use a scoreboard for
your business*
* - however, you may need help initially to help ensure your
data is correct and your systems are working properly