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Financial Kpi
Financial Kpi
With the development of new information technology and in today’s finance world, the
information you need exists in various formats and different systems. You’re dealing with next
quarter’s numbers, profitability analysis and the financial tasks of counting revenue, collecting
on accounts receivables, and paying your vendors. Current methods can be error prone,
labor intensive, and not always aligned to your corporate goals and objectives.
I/ Payroll KPI
Payroll KPI
Payroll KPIs in key performance indicators of financial management
5. % of untimely payroll payments: Number of payments that are not made or made to late
to employees as % of total payments to employees.
9. Instances of filing of accurate statutory returns: No of instances where statutory returns filed
with the authorities are accurate
1. Age of assets: The age is calculated by dividing the cumulative depreciation by the annual
depreciation
charge.
2. Total Current Assets: Total Current Assets equals Cash and Equivalents + Receivables +
Inventories + Other Current Assets.
3. Other Current Assets: Other Current Assets includes prepayments, deferred charges, and
amounts (other than trade accounts) due from parents and subsidiaries.
4. Net Fixed Assets: Net Fixed Assets are the assets of a company that are of a relatively
permanent nature and are not intended for resale, such as plans, equipments….
5. Total Assets: Total Assets are everything of value that is owned by a company.
6. Other Non-current Assets: Assets that are not assigned to Net Fixed Assets or intangibles.
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Budget KPI
Budget KPIs in key performance indicators of financial management.
The earlier it is closed & made available, the more time you get to discuss it out in detail & work
out next year strategies sufficiently in advance before the year begins.
To benchmark against the previous budget as well as against the industry standard.
Percentage of budget cuts achieved (measured in money) versus budget cuts planned (measured
in money).
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Average days past due for open AP invoices weighted by open amount
5. Receipts Amount
6. Revenue (P&L)
8. Total Receipts
9. Unapplied Receipts
Sum of days until due weighted by invoice amount for open AP invoices