Financial KPI Examples | Vendor Expenses

Vendor Expenses

Keep track of what you owe your vendors with the vendor expense KPI

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Services

FreshBooks Dashboard | Freshbooks logo QuickBooks Dashboard | Quickbooks logo Xero Dashboard | Xero Logo

Role

Manager, VP / Director

Overview

The Vendor Expenses metric displays the current payments due to your vendors. This key accounting KPI can help business owners, bookkeepers, and accountants track what they currently owe their vendors and what they have paid vendors in the past.

Key terms

  • Vendors: Anyone who provides goods or services to a company or individuals
  • Expenses: The cost required for something; the money spent on something.

Success indicators

  • Keeping a consistent flow of payments to vendors.

Monitoring Financial KPIs on a Dashboard

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