VCFO

AUGUST 9, 2023

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.

General Ledger 83

General Ledger Benchmarking Leverage Budgeting 83

The Finance Weekly

NOVEMBER 27, 2023

This measure aids in predicting future profits and establishing profitability goals and benchmarks. Accounts Receivable Turnover Ratio Your accounts receivable turnover ratio indicates how efficiently you collect cash from credit sales. Calculation: Net credit sales ÷ average accounts receivable = Accounts Receivable Turnover Ratio 5.

Budgeting 52

Budgeting General Ledger Concentration Benchmarking 52

PYMNTS

JANUARY 26, 2018

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.

General Ledger 47

General Ledger Benchmarking Reconciliations Accounts Payable 47

Onplan

NOVEMBER 30, 2022

This includes integrations with systems like Salesforce, QuickBooks, NetSuite, Xero, and Sage so you can analyze and use all your data—including, HR, sales, and CRM—in one place. Benchmarking and KPI tracking across the organization to stay on course. Sales planning, incentives, and insights. Ad hoc reporting and visualization.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Budgeting Forecasting Planning 52