It is inevitable for all businesses to have a systemized

It is inevitable for all businesses to have a systemized way of keeping track of your financial records, or bookkeeping, so to speak. Bookkeeping is something that businesses should never be without because this is an organized method of keeping track of finances, to determine whether the business is indeed earning. For decades now, companies have used accounting sheets for efficient bookkeeping. However, the advent of technology has paved the way for accounting to become techie, so to speak, as well. Still, no matter how techie a company’s accounting system may be, it would still be important to keep track of this very system’s progress, to check if it is indeed aligned with corporate goals and objectives.

One way to do this is to employ accounting KPI or accounting key performance indicators. This way, there would be smaller room for marginal errors here.If you are not too sure about which KPIs to include here, well, do not fret altogether. Technology may have changed certain aspects about the method, especially when it comes to calculation of figures. However, the underlying concept remains the same. Thus, you might find the KPIs used here to be quite familiar. And one of these is revenue.In fact, the revenue of the company itself is one of the first things that you should include as KPI. In its most basic form, revenue can be defined as the company’s net income once overhead expenses and costs are subtracted. Although overhead expenses and costs can differ from one company to another, these would typically include the capital used by companies for raw materials, the salaries of the workforce, the number of non-productive hours, and the many non-tangible items that any business has to pay for.