Preset GAAP KPIs - Revision history

Tim Peeler at 18:02, 6 August 2019

2019-08-06T18:02:30Z

Tim Peeler at 17:39, 6 August 2019

2019-08-06T17:39:28Z

Tim Peeler at 16:04, 6 August 2019

2019-08-06T16:04:57Z

Tim Peeler at 16:04, 6 August 2019

2019-08-06T16:04:13Z

Tim Peeler at 13:18, 19 July 2019

2019-07-19T13:18:35Z

Tim Peeler at 13:15, 19 July 2019

2019-07-19T13:15:55Z

Tim Peeler at 13:15, 19 July 2019

2019-07-19T13:15:43Z

Steve Kleinman at 22:34, 16 July 2019

2019-07-16T22:34:44Z

Tim Peeler at 17:08, 22 January 2019

2019-01-22T17:08:32Z

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

2018-11-12T18:30:51Z

Created page with "initial creation, needs updated"

New page

initial creation, needs updated

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 Preset GAAP KPIs are driven using your [[Budget Planning|current year's budget]] and populated using your [[Monthly Data Entry|monthly financial data]]. Be sure to keep your Monthly Data up to date and have your budget configured properly.
 ==== '''Report Documents''' ====
 For details on [[Printing Reports|'''Printing Reports''']] see the section on [[Preset and Custom KPI Printing|'''Preset and Custom KPI Printing''']]

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

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 ==== '''For Advanced Learners''' ====
-Preset GAAP KPIs are driven using your [[Budget Planning|current year's budget]] and populated using your [[Monthly Data Entry|monthly financial data]].
+Preset GAAP KPIs are driven using your [[Budget Planning|current year's budget]] and populated using your [[Monthly Data Entry|monthly financial data]]. Be sure to keep your Monthly Data up to date and have your budget configured properly.
 ==== '''Report Documents''' ====
 For details on [[Printing Reports|'''Printing Reports''']] see the section on [[Preset and Custom KPI Printing|'''Preset and Custom KPI Printing''']]

@@ Line 24: / Line 24: @@
 ==== '''For Advanced Learners''' ====
+Preset GAAP KPIs are driven using your [[Budget Planning|current year's budget]] and populated using your [[Monthly Data Entry|monthly financial data]].
 ==== '''Report Documents''' ====
 For details on [[Printing Reports|'''Printing Reports''']] see the section on [[Preset and Custom KPI Printing|'''Preset and Custom KPI Printing''']]

← 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''']]

← Older revision		Revision as of 13:15, 19 July 2019
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		+	==== '''For Advanced Learners''' ====

−	~~==== '''For Advanced Learners''' ====~~

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-==== Explanation ====
+==== '''Explanation''' ====
 Preset Generally Accepted Accounting Practice (GAAP) KPIs are preconfigured KPIs that will track your company's GAAP Performance using your monthly data and your budget. Preset GAAP Performance KPIs give you the ability to do a deep-dive review of your performance in ''Sales'', ''Cost of Goods'', ''Cost of Goods Efficiency'', ''Gross Margin'', ''Total Expenses'', ''Total Expenses Efficiency'', ''Net Profit'', ''Quick Ratio'', and ''Payroll Efficiency''.
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-==== Instructions ====
+==== '''Instructions''' ====
 Preset KPIs are mostly view only. there are several options for modifying each to suit your needs. In KPI #8 and #9, you can set the goal relational percentage change by clicking in the corresponding yellow box.
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-==== For Advanced Learners ====
+==== '''For Advanced Learners''' ====

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-Preset GAAP KPIs are preconfigured KPIs that will track your company's GAAP Performance using your monthly data and your budget.  This gives you the ability to do a deep-dive review of your performance in ''Sales'', ''Cost of Goods'', ''Cost of Goods Efficiency'', ''Gross Margin'', ''Total Expenses'', ''Total Expenses Efficiency'', ''Net Profit'', ''Quick Ratio'', and ''Payroll Efficiency''.  For ''Quick Ratio'' and ''Payroll Efficiency'' default targets are set but you are able to change your goal targets by modifying the ''Relational Percent Change''.
+==== Explanation ====
 Each of ''Sales'', ''Cost of Goods'', ''Gross Margin'', ''Total Expenses'', and ''Net Profit'' track your performance in these categories against your configured budget.
 ''Cost of Goods Efficiency'' tracks the ratio of ''Cost of Goods'' to ''Sales'' using your budgeted ''Sales'' and ''Cost of Goods'' ratio and ''Total Expenses Efficiency'' tracks the ratio of ''Total Expenses'' to ''Sales''.
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 ''Payroll Efficiency'' tracks the ratio of ''Monthly Payroll Costs'' against ''Sales''.  You want to have a low payroll to sales ratio.  By default this is set to a ''-3% Reducing Goal'' but you can adjust your goal as desired.

← Older revision		Revision as of 17:08, 22 January 2019
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−	~~initial creation~~, ~~needs updated~~	+	Preset GAAP KPIs are preconfigured KPIs that will track your company's GAAP Performance using your monthly data and your budget. This gives you the ability to do a deep-dive review of your performance in ''Sales'', ''Cost of Goods'', ''Cost of Goods Efficiency'', ''Gross Margin'', ''Total Expenses'', ''Total Expenses Efficiency'', ''Net Profit'', ''Quick Ratio'', and ''Payroll Efficiency''. For ''Quick Ratio'' and ''Payroll Efficiency'' default targets are set but you are able to change your goal targets by modifying the ''Relational Percent Change''.
		+
		+	Each of ''Sales'', ''Cost of Goods'', ''Gross Margin'', ''Total Expenses'', and ''Net Profit'' track your performance in these categories against your configured budget.
		+
		+	''Cost of Goods Efficiency'' tracks the ratio of ''Cost of Goods'' to ''Sales'' using your budgeted ''Sales'' and ''Cost of Goods'' ratio and ''Total Expenses Efficiency'' tracks the ratio of ''Total Expenses'' to ''Sales''.
		+
		+	Your ''Quick Ratio'' tracks the ratio of ''Cash'' + ''Accounts Receivable'' against your ''Accounts Payable'' + ''One Payroll Cycle''. You want to have a high ''Quick Ratio'' percentage. By default, this ratio uses a goal of a ''5% Increase'' from the prior year, but you can adjust your goal as you see fit.
		+
		+	''Payroll Efficiency'' tracks the ratio of ''Monthly Payroll Costs'' against ''Sales''. You want to have a low payroll to sales ratio. By default this is set to a ''-3% Reducing Goal'' but you can adjust your goal as desired.