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6 Operating Metrics for Professional Services Firms

VCFO

Once there, a mechanism to translate Direct Labor Hours into Direct Labor Dollars and get that information into the general ledger is needed. They can be trended over time, compared to budget, and often benchmarked against industry comps. Discount a big job… see what that does.

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ADP Enhances QuickBooks Payroll Integration

PYMNTS

An expansion of its existing integration will introduce enhanced General Ledger Interface mapping via Accountant Connect, allowing accountants to seamlessly link into and interface with QuickBooks and other accounting platforms to manage their small business (SMB) clients’ finances.

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10 KPIs to Track Business Performance

The Finance Weekly

This measure aids in predicting future profits and establishing profitability goals and benchmarks. Instead of manually calculating these metrics from general ledger accounts, many businesses use software to automate the process and create dashboards with all the important numbers in one place.

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Your Ultimate Finance Department Checklist

CFO Simplified

The purpose of this checklist is to create structure around when to grow, what roles are essential at what business sizes, and how to benchmark your accounting department against industry standards. Smaller companies, on the other hand, might have individuals in positions that encompass areas outside their traditional parameters.

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Closing The Books Is Now A Lesson In Corporate FinTech Innovation

PYMNTS

The data from these periodic closings can be instrumental in providing organizations with key benchmarking information about their financial standings, and yet businesses still struggle to gain the insight they need. The core of the close process remains the same: corroborate the numbers in the general ledger,” explained Feinstein.

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10 Best FP&A Software Tools: A Comprehensive Buyer’s Guide [2023]

Onplan

Benchmarking and KPI tracking across the organization to stay on course. The tool has several custom reporting features, including providing scorecards and benchmarking with external data. Jirav comes with forecasting, modeling, dashboarding, and KPI tracking capabilities, as well as a general ledger. Key features.