Recent Payments Metric

Always know where your money is coming from by tracking your recent payment history

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Overview

The Recent Payments metric displays the most recent payments to your business, which company has paid, and the amount paid. This key accounting KPI can help business owners, bookkeepers, and accountants track which accounts have been paid in full and which accounts still have to be collected.

Key terms

  • Invoice Number: The individual tracking number that relays to each account

Success indicators

  • Keeping a consistent flow of recent payments to ensure debtor days are short

Monitoring Financial KPIs on a Dashboard

Once you have established benchmarks and targets for your Recent Payments, you’ll want to establish processes for monitoring this and other Financial KPIs. Dashboards can be critical in this regard. Read more

Related Metrics & KPIs

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Debt to Equity Ratio

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Accounts Payable Turnover

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Gross Profit Margin

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