By including this in your list of KPI

By including this in your list of KPI for accounting, all managers have to do is look at these figures, and revenue is easily determined. Managers can also check for areas that need improvement.Another KPI that you can include is yield. It is actually a common mistake amongst managers to look at merely sales figures. They do not really take the time to look at the measures that could have been undertaken to control waste and defects. For instance, let us say that it takes a web content editor two hours to edit ten articles. This is already the MBT Ema Sandals fastest that the editor can go at, to ensure quality assurance for the articles produced. However, because a computer virus was able to penetrate the computer network, the editor’s PC is also affected.

The network has to be shut down, to eradicate the virus before it spreads to other PCs. Consequently, it took the editor five hours edit just ten articles. This could have been avoided with the simple installation of antivirus software. Making significant changes, therefore, will ensure more yield for the company.Budget, as always, should be one of the accounting KPI as well. With this on your scorecard, you can easily determine if the company is spending within the budgetary constraints, or if it is already overspending. Thresholds have to be determined here as well. In the scenario mentioned above, it is ideal to get the best brand of antivirus software in the market today. However, it would be more practical to just go with a not too famous brand that still offers the same features that the best brand offers. This is just one of the ways that a company can avoid overspending.