Accounting Dashboard

What is an Accounting dashboard?

Are you tired of waiting for financial reports to understand your business's health? An accounting dashboard is the solution. It brings all your critical financial metrics together in one place for a real-time, comprehensive view of your company's performance.

This dashboard example helps business owners, bookkeepers, and accountants stay informed at all times. By centralizing data on invoices, cash flow, and profitability, you can stop reacting to old information and start making proactive decisions based on what’s happening right now.

Key metrics for your accounting dashboard

For a complete picture of your financial standing, your dashboard should provide at-a-glance answers to your most important questions. Here are the essential metrics to include:

• Income and Expenses: Track your profitability over time to understand your financial trajectory. Monitoring this closely allows you to manage your budget and make adjustments before small issues become big problems.
• Accounts Receivable and Payable: Get a clear view of your cash flow. See how much money is coming in versus going out to ensure you have the cash on hand to pay bills and invest in growth.
• Recent Payments: Monitor payments as they happen. This gives you an immediate sense of daily cash flow and helps you quickly identify any unexpected changes in payment patterns.
• Profit and Loss Report: Summarize your revenues, costs, and expenses during a specific period. This is the ultimate measure of your company’s ability to generate profit.

An executive dashboard often uses these same accounting metrics to provide a high-level overview for leadership. You can build your own real-time accounting dashboard with Klipfolio Klips to automate your reporting and get your entire team aligned with a single, reliable source of financial truth.