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30 Best Accounting KPIs and Metric Examples for 2021 Reporting

Insight Software

Days to Complete Monthly Close – This example shows how efficient the internal accounting department is at closing the books at the end of each month. Days to Complete Annual Close – Similar to the previous measure, this shows how fast your internal accounting department is at closing the year end books.

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What is a Data Pipeline?

Insight Software

Change Data : A method of tracking and capturing changes made to data in a database or data source, including monitoring inserts, updates, and deletes to data records in real-time or near-real-time for the purpose of keeping downstream systems, such as data warehouses, data lakes, or other applications, in sync with the source data systems.

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The Financial Close Process

Insight Software

This is the driving principle of financial close management – a new approach to closing the books. Note Bad Debt : update the monthly books to reflect any bad debt that will be written off. Match the accounting books against all the receipts, bank statements, bank forms, and other financial documents you have. Savings accounts.

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What is Cash Flow Forecasting?

Insight Software

Cash flow forecasting helps businesses plan and manage their finances effectively by providing insights into future cash needs, identifying potential cash shortfalls or surpluses, and informing decision-making related to budgeting, investment, financing, product pricing, and working capital management.

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What is Account Reconciliation?

Insight Software

Thanks to automation, it is entirely possible to work as an accountant for your entire career without ever manually performing a reconciliation or monitoring relevant metrics during a financial close. With the rise of financial reporting software , many finance professionals rely on automated reconciliation for this vital process.

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Top 5 EPM Reporting Templates (+ How to Get Started with EPM)

Insight Software

For virtually everyone in your organization, EPM reporting can be a powerful tool for defining clearly measurable targets, monitoring performance, and bringing your data to life. pre-built templates created by domain experts. 20-minute discovery call with a product expert. Get a Demo. What to expect.

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Your Path to a Stress-Free, Successful Year-End Close in Real Estate and Property Management?

Insight Software

While business intelligence tools excel in analyzing trends and monitoring key performance indicators, they prove less adept at the meticulous, detailed analysis demanded by the intricate tasks of period closing. Automate monitoring and management of loan-related impacts on cash flow and debt ratios.