Jet Essentials and Jet Enterprise are great softwares sold by Jet Reports. If you grab the body of free reports available in their online library, arguably you're well on your way to a complete solution! But the conversation doesn't with a purchase and a few hours of training. We are just the start of the journey!
Which KPI's are important to you and the way you run your company? If AP Turnover increases this month, do you have reports available to answer "Why"? Similarly, if increasing Gross Profit Margin is a company-wide goal, which reports exist to identify and track the factors that have greatest influence on profit margin?
Let me start by saying, I am not an accountant! I ask questions and then I build reports.
Here at Onyx we ask questions like:
From there, let's get to work. Let's build reports to help you keep on top of the game. KPI's are nice gauges of health, while automated exception reports help your operational team take action.
I recently chatted with some accountant friends and asked, "What are some common Financial KPI's and reports?" I distilled the results to the following list.
After recognizing some of the KPI's from Microsoft's Balance Sheet template, I rebuilt it as a Jet report which would run against my NAV sample database (pictured above). I then explored building some of those same KPI's into the stock Jet Enterprise Financial cube as calculated measures. Here are the fruits of my labor as a PivotChart.
This vision of automated reporting and easy analysis is why I formed Onyx Reporting around the Jet Enterprise and Jet Essentials softwares. So don't wait. Shoot me an email at Jae@OnyxReporting.com or just start a chat in the widget below.