Key financial reports and metrics for small business

www.BetterBottomLine.com

Key Financial Reports and Metrics for Small Business

Presented by:

Scott Gregory, Creator: “Beyond QuickBooks: Making Sense of Your Numbers”

Key Financial Reports and Metrics…

Complete Slide Deckis Available at

www.SlideShare.net

Search for QuickBooks

Photo courtesy of EverystockPhoto.com – danperry.com

Photo courtesy of Google Images

Every business needs

a Scorecard

…otherwise, how do you know how you’re doing?

Building YOUR Scorecard

Start simple Beware of paralysis by analysis Forget about the “tax” issues

Building Your Scorecard

Metric #1: Cash in the Bank• Pros?• Cons?

Metric #2:Cash in the Bank

+ A/R – A/P

Building Your ScorecardMetric #2: A/R = ?

Building Your ScorecardMetric #2: A/P = ?

Metric #2: Cash in the bank + A/R – A/P• Pros?• Cons?

• Common Problems?

Metric #3: Profit Report “How did we do”?

Building Your ScorecardMetric #3: Profit Report

• Understanding it?• A major concern?

• Income• Cost of Goods (COGS)• Expenses

• A major concern beforeusing this report is?

• “But my tax guy givesme this…”

• How often?

Building Your ScorecardMetric #4: Balance Sheet

• “What I Own…”• Understanding it

• Assets, Liabilities,Equity

Building Your ScorecardMetric #4: Balance Sheet

• Is the data right?• How often?

Building Your ScorecardTaking it to the next level…

• A/R Turnover (how fast are you collecting?):

Net Sales / Average A/R

• Inventory Turnover (how fast are you moving inventory?):

Cost of Goods Sold / Average Inventory

• Average Sale per Invoice (excellent trending metric):Total Sales $ / Total # of invoices

• Gross Profit Margin: Gross Profit $ / Total Sales

Building Your Scorecard“MBA Level Stats”

Profitability by product lineDebt to equityLabor ratiosMany others…

Building Your ScorecardCreate a “Dashboard” of

YOUR Key MetricsMakes it easy to spot trends

Building YourScorecard

Real LifeDashboardExample:

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

Just like your pledge to deliver great products or services….

Make a pledge to develop and monitor your business scorecard!

12 Things Every QuickBooks User…

Questions? Comments!Scott Gregory

E-Mail: Scott@BetterBottomLine.comPhone: (440) 527-5696Web: www.BetterBottomLine.com

Key financial reports and metrics for small business

Business

Reynolds and Reynolds Retail Management … and Reynolds Access all ... including Dashboards, Application reports, Report Generator, Monthly Metrics, exception reports, Dynamic Reporting,

Adobe Marketing Cloud Importing Paid Search Metrics · Importing Paid Search Metrics Steps to configure Reports & Analytics to track your paid search metrics (e.g., Google AdWords,

Metrics That Matter - McGarahan & Associates That Matter.pdf · Metrics That Matter Presented by: ... Common Metrics MisconceptionsCommon Metrics Misconceptions Too many reports –Analysis

Monday 8.13.07 SESSION I - Small Satellite Conference · Technical Programs Monday 8.13.07 SESSION I Mission Metrics—Defining the metrics by which small satellite mission utility

Call Center Metrics: Key Performance Indicators (KPIs) · ICMI Tutorial Call Center Metrics: Key Performance Indicators (KPIs) systems, reports and statistics available, the emerging

Infor MyDay Metrics and Reports UserGuide

20 metrics for small businesses

IBM Connections 5.0: Custom Community Metrics Reports

Custom Reporting Metrics, Reports, and Dashboard Guide€¦ · 1. RevisionHistory CustomReporting–Metrics,ReportsandDashboardGuide Version1.4 1.RevisionHistory Date Document Version

Information Security Metrics Dashboards and Progress Reports

AgileSense Business Intelligence Dashboards Reports Charts Metrics

IT Key Metrics Dataspending, key performance metrics and trends for all areas of IT to support your business and clients’ changing environments. The IT Key Metrics Data reports are

Reference: Owned Social Reports - Adobe Inc. · 2016. 3. 7. · Reference: Owned Social Reports Get Integrated Social & Web Metrics in Single Reports ©Adobe’Systems’Inc.’2016’

Clue 2010 Small Area Reports .Northmelbourne(2)

Business and HR Metrics that Help Grow Small Businesses

Metrics, Software Engineering, Small Systems – the Future

Business Bootcamp - EASTEC...Business Bootcamp: Future Proofing your Business STABILITY = AGILITY 10 1. Metrics are “Active Positioning Devices” not “Passive Reports” 2. Metrics

How to Guide-final · challenge you face is getting to which of these metrics matter ... website metrics to social media metrics to the uncountable number of reports you get from

Metrics that Matter - Amazon Web Services · · 2014-09-18learning and business performance. The primary focus of Metrics that Matter ... • Automatically collects and reports

1. 2 Metrics in a Small Hospital It is Possible 3 Metrics in a Small Hospital