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