KPI development monitoring

Management accounts give you an accurate overall picture of where you are now. Depending on how detailed they are, they can also provide a good idea of why you are where you are. For example, in support of the sales figure for the month, they may include opportunities to quote, successful conversions, average selling price and so on. There are various key income and expense lines in your accounts that can be better understood if the underlying drivers are included.

This can lead to a significant amount of information in your management accounts, which can result in important information being buried in the detail. We can help you identify the key drivers of your business success. We then allocate targets for each key element and measure them on a regular basis. The actual and target Key Performance Indicators are then included as a separate summary in your management accounts. This highlights areas that require additional review and ensures key areas are not overlooked.