Preset Benchmark KPIs - Revision history

Tim Peeler at 17:39, 6 August 2019

2019-08-06T17:39:36Z

Tim Peeler at 16:09, 6 August 2019

2019-08-06T16:09:28Z

Tim Peeler at 13:18, 19 July 2019

2019-07-19T13:18:47Z

Tim Peeler at 13:16, 19 July 2019

2019-07-19T13:16:40Z

Steve Kleinman at 00:48, 17 July 2019

2019-07-17T00:48:47Z

Steve Kleinman at 00:48, 17 July 2019

2019-07-17T00:48:20Z

Steve Kleinman at 00:47, 17 July 2019

2019-07-17T00:47:54Z

Tim Peeler at 17:31, 22 January 2019

2019-01-22T17:31:25Z

Tim Peeler at 17:22, 22 January 2019

2019-01-22T17:22:45Z

Tim Peeler: Created page with "initial creation, needs updated"

2018-11-12T18:30:59Z

Created page with "initial creation, needs updated"

New page

initial creation, needs updated

← Older revision		Revision as of 17:39, 6 August 2019
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		+	__FORCETOC__
	==== '''Explanation''' ====		==== '''Explanation''' ====

← Older revision		Revision as of 16:09, 6 August 2019
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	==== '''For Advanced Learners''' ====		==== '''For Advanced Learners''' ====

−	~~[I think you should do~~ your ~~best~~ to ~~explain “Relational~~ to ~~Last Year Averaging”~~ or ~~“Custom~~ Defined ~~Averaging”]~~	+	Relational to Last Year Averaging uses your prior year's data to set a month to month budget based on a percentage increase or decrease. When using Custom Defined Averaging, you must set your month to month budget explicitly. The system will then average the budget for each month providing you with your Annualized Goal for each month.

← Older revision		Revision as of 13:18, 19 July 2019
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	==== '''Report Documents''' ====		==== '''Report Documents''' ====

−	For details on [[Printing Reports\|'''Printing Reports''']] see the section on [[Preset and Custom KPI Printing]]	+	For details on [[Printing Reports\|'''Printing Reports''']] see the section on [[Preset and Custom KPI Printing\|'''Preset and Custom KPI Printing''']]

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-==== Explanation ====
+==== '''Explanation''' ====
 Preset Benchmark KPIs are designed to benchmark your business's performance against other businesses in the same industry, as well as track key metrics beyond simple GAAP performance. Preset Benchmark KPIs do not use your budget to calculate your desired goal, instead they offer a limited configuration of ''Relational to Last Year Averaging'' or ''Custom Defined Averaging'' calculation methods.
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-==== Instructions ====
+==== '''Instructions''' ====
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-==== For Advanced Learners ====
+==== '''For Advanced Learners''' ====
 [I think you should do your best to explain “Relational to Last Year Averaging” or “Custom Defined Averaging”]

@@ Line 1: / Line 1: @@
-'''Explanation'''
+==== Explanation ====
 Preset Benchmark KPIs are designed to benchmark your business's performance against other businesses in the same industry, as well as track key metrics beyond simple GAAP performance. Preset Benchmark KPIs do not use your budget to calculate your desired goal, instead they offer a limited configuration of ''Relational to Last Year Averaging'' or ''Custom Defined Averaging'' calculation methods.
@@ Line 33: / Line 33: @@
-For Advanced Learners
+==== For Advanced Learners ====
 [I think you should do your best to explain “Relational to Last Year Averaging” or “Custom Defined Averaging”]

@@ Line 1: / Line 1: @@
-Preset Benchmark KPIs are designed to benchmark your business's performance against other businesses in the same industry as well as key metrics beyond your simple GAAP performance.  Preset Benchmark KPIs do not use your budget to calculate your desired goal but offer a limited configuration of ''Relational to Last Year Averaging'' or ''Custom Defined Averaging'' calculation methods.  For more details on the configuration options see the section on [[Custom KPI Data Entry|'''Custom KPI Data Entry''']].  You will need to configure either the ''Relational Percent Change'' or month-to-month ''Custom Budget'' depending on if you chose Relational or Custom goals.
+'''Explanation'''
 The 8 metrics tested with Preset Benchmark KPIs are ''Profit Margin'', ''Asset Turnover'', ''Return on Investment'', ''Leverage Factor'', ''Return on Equity'', ''Payroll as % of Sales'', ''Transportation as % of Sales'' and ''Shrink as % of Sales''.
-Profit Margin tracks your Net Profit to Total Sales
+By default tracking is based on your specific goals as defined by you.  You can also enable benchmark tracking to compare your performance against other company's within your industry.  Because these are ratios, the total values are discarded and you are tracking performance against ratios comparing your company's efficiency to your goal and (if enabled) other companies.
-Return on Investment tracks your Net Profit to Total Combined Assets
+Profit Margin tracks your Net Profit divided by Total Sales.
-Leverage Factor tracks your Total Assets to Net Worth
+Asset Turnover tracks your Total Sales divided by Total Combined Assets.
-Return on Equity tracks your Net Profit to Net Worth
+Return on Investment tracks your Net Profit divided by Total Combined Assets.
-Payroll as % of Sales tracks your Payroll to Sales
+Return on Equity tracks your Net Profit divided by Net Worth.
-Transportation as % of Sales tracks your Transportation Costs to Sales
+Payroll as % of Sales tracks your Payroll divided by Sales.
 By default tracking is based on your specific goals as defined by you.  You can also enable benchmark tracking to compare your performance against other company's within your industry.  Because these are ratios, the total values are discarded and you are tracking performance against ratios comparing your company's efficiency to your goal and (if enabled) other companies.
 Please speak with your financial advisor to set specific goals for your company.

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 The 8 metrics tested with Preset Benchmark KPIs are ''Profit Margin'', ''Asset Turnover'', ''Return on Investment'', ''Leverage Factor'', ''Return on Equity'', ''Payroll as % of Sales'', ''Transportation as % of Sales'' and ''Shrink as % of Sales''.
-====Profit Margin====
+Profit Margin tracks your Net Profit to Total Sales
-====Asset Turnover====
+Asset Turnover tracks your Total Sales to Total Combined Assets
-====Return on Investment====
+Return on Investment tracks your Net Profit to Total Combined Assets
-====Leverage Factor====
+Leverage Factor tracks your Total Assets to Net Worth
-====Return on Equity====
+Return on Equity tracks your Net Profit to Net Worth
-====Transportation as % of Sales====
+Payroll as % of Sales tracks your Payroll to Sales
-====Shrink as % of Sales====
+Transportation as % of Sales tracks your Transportation Costs to Sales

← Older revision		Revision as of 17:22, 22 January 2019
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−	~~initial creation~~, ~~needs updated~~	+	Preset Benchmark KPIs are designed to benchmark your business's performance against other businesses in the same industry as well as key metrics beyond your simple GAAP performance. Preset Benchmark KPIs do not use your budget to calculate your desired goal but offer a limited configuration of ''Relational to Last Year Averaging'' or ''Custom Defined Averaging'' calculation methods. For more details on the configuration options see the section on [[Custom KPI Data Entry\|'''Custom KPI Data Entry''']]. You will need to configure either the ''Relational Percent Change'' or month-to-month ''Custom Budget'' depending on if you chose Relational or Custom goals.
		+
		+	The 8 metrics tested with Preset Benchmark KPIs are ''Profit Margin'', ''Asset Turnover'', ''Return on Investment'', ''Leverage Factor'', ''Return on Equity'', ''Payroll as % of Sales'', ''Transportation as % of Sales'' and ''Shrink as % of Sales''.
		+
		+	====Profit Margin====
		+
		+	====Asset Turnover====
		+
		+	====Return on Investment====
		+
		+	====Leverage Factor====
		+
		+	====Return on Equity====
		+
		+	====Payroll as % of Sales====
		+
		+	====Transportation as % of Sales====
		+
		+	====Shrink as % of Sales====