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f20 Best financial Dashboards for creating business decisions

Now quite ever, businesses face a sea of knowledge points that can make drawing insights time-consuming at best and nearly impossible at worst. Financial dashboards are critical for assessing performance and making educated decisions, closing more sales, and reducing customer acquisition costs.

The right dashboards give your team the power to spot trends, opportunities, and growing problems, and effortlessly visualize large datasets. With easy-to-parse graphical representations, you’ll deliver crisp, concise C-suite presentations, and quickly analyze business performance, operational statistics, and sales metrics with little or no effort.

With the proper corporate finance dashboards in place, you’ll see revenue, costs, profit, loss, and every one your other guiding stars laid out at your fingertips. Scroll down for the simplest financial dashboard examples for your business, plus tips to customize financial dashboards to suit your processes and accounting workflows.

What is a Financial Dashboard?

A financial dashboard may be a digital tool for business intelligence. the simplest financial dashboards let accounting and finance professionals save time by tracking key KPIs, reducing massive, real-time data sets right down to vital insights at a glance, and customizing reports for fast , robust financial understanding.

How Can Financial Dashboards Help Make Business Decisions?

With the proper financial reporting dashboards in place — such as revenue dashboards or general ledger dashboards — CFOs and their teams can track business-driving KPIs in real time. This up-to-the-minute tracking makes it easier to reply to changes in the business environment and take advantage of emerging opportunities.

For example, a custom financial dashboard that shows billing aging by customer can make it easy to automate follow-ups on overdue bills and improve income . A project-net-profit dashboard helps to spotlight the profitability of each active project. That added clarity can spotlight the projects that deserve more resources and therefore the ones that need attention.

1. Project net income

What’s your most profitable project? Your business will go from good to great with a top-line view of total profit, broken out by project. See your star performers and your laggards in one game-changing graphical view. Then click through for details to realize insights that can help your teams expand on and learn from your successes.

2. net income vs Goal

What gets measured gets improved. A year-to-date net income vs goal display shows where you are vs where you hoped you’d be. A full-color, easy-to-read speedometer-type gauge displays your progress as a function of revenue and costs. this is often one of the best financial dashboards for CFOs to monitor overall performance.

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3. Average Days to Pay By Customer

Who pays promptly and who doesn’t? once you know your average days to pay by customer, you’ll make smarter decisions about support and service. this handy accounting dashboard lets you flag high-risk clients and spotlight clients who deserve special attention. Choose the present age or a historical view to track changes, too.

4. Profit & Loss

A real-time profit-and-loss dashboard shows net profits in real time and delivers on-demand projections for sales and expense. See the financial health of your business for any given month, quarter, year, or other period, to unearth opportunities to chop costs and drive revenue. Easily spot expense and revenue trends and obtain a handle on net income, and income , without spending hours on manual reporting.

5. Billing Age By Customer

Following abreast of unpaid invoices is a common best practice for improving cash flows. Tracking billing age by customer can help boost your company’s liquidity. this is often the best financial dashboard example to track overdue receivables and surface customers who need more attention from your team.

6. Expense By Location

Which locations in your company cost the foremost by month, quarter, or year? See a transparent graphical view of the different areas of your business by expense. This finance dashboard allows you to identify more and less profitable locations and departments. It also can help you allocate resources more efficiently and build a robust understanding of your expense reports.

7. Available Inventory

Knowing what’s available down to the second can help you spot anomalies and errors, flag sales increases, and stay top of unexpected expenses. once you uncover these issues early, you’ll address them before they cause serious problems in your business. Inventory tracking without an easy dashboard like the one in this example can be prohibitively time-consuming, especially as your company grows.

8. Forecasted Revenue

This forecast financial dashboard example can inform your team about the proper steps to take to scale or right-size your business. The more data you set into the system for past and projected expenses and earnings, the more accurate the model is. Revenue forecast dashboards like this will also help you dial in your cash flow management.

9. Forecasted Payables

Along with projected revenue, accounting dashboards that predict your future payables can facilitate your understand your company’s current bandwidth. With this forecasted payables dashboard, you’ll get a simple way to fine-tune payment patterns, bolster vendor relationships, and lock down your capital ratio.

10. Revenue vs Goal

Nothing motivates like real-time revenue metrics, especially when balanced against company objectives. This easy-to-parse financial dashboard example shows your goal, your current situation, and your performance during a simple gauge. Drill down for more detail and make insight-driving reports.

11. Net Value of Fixed Assets

The net value of fixed assets metric lets you make better decisions about how to use your long-term assets. This financial dashboard template reveals asset value, now and historically, together with depreciation. It can help your team make better decisions about when to modernize your assets or when to exchange them, or repurpose them.

12. Transaction Detail by GL Account

Finding transaction detail during a complex chart of accounts can quickly become challenging. this handy general ledger dashboard lets you filter by specific GL accounts like revenue, expenses, or transfers. you’ll also zoom in for more granularity by period and see transaction details. Spot transaction origins and get in touch with points for smoother reconciliations and less time searching for key information.

13. Expiring Payment Methods

When a customer’s payment method expires, an automatic charge creates headaches for both the customer and your business. This finance dashboard lets you view credit cards that are expiring soon. this is often the best financial dashboard example for avoiding declined payments from your customers and cutting down on time spent updating old payment methods.

14. Billings By Period

Sales teams and CFOs track billings by accounting period to urge a sense of overall workflow and A/R trends. Following billings by month or quarter reveals the company’s growth, declines, or seasonal shifts. Tracking billings by year can highlight deeper work volume trends and opportunities for brand spanking new development.

15. Current Cash Balances

What is your company’s current cash flow health? That’s not a difficult figure to find, but pulling together all the balances from multiple accounts can spend time best spent on higher-order tasks. See your current cash balances from all accounts in one financial dashboard, then drill down for more detail.

16. Payables Aging

You can significantly improve your cash flow by tracking the age of all your payables. This payables aging finance dashboard example surfaces pending and overdue payments. It also can help you cut costs by lowering your interest payments. As you take advantage of low-interest or no-interest payment dates. you’ll choose from current or historical views to track improvements and gain insights into managing your payables map.

17. Payables By Period

Tracking payables by period can provide a clearer understanding of the quantity of work your business does. It also can create a yardstick to make it easier to track other accounting metrics. See all payables by month, quarter, year, or filter by net amount. Viewing payables by year can help your team identify cost trends and provides a clearer picture of business growth over time.

18. Billing Opportunities

See all opportunities for the present period that haven’t yet been billed. you’ll also use this accounting dashboard to view the opportunities that have already been closed. A clear, at-a-glance picture of your open billing items will assist in giving you a firmer grasp on your company’s cash flow.

19. Cash Disbursements By Batch

If your business records more disbursements than revenues, you’ll be headed for financial challenges. Tracking cash disbursals can offer you time to react to potential cash flow troubles. this is often among the best financial dashboard examples to closely monitor your operating costs and gain key insights into your general ledger.

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20. Time Card Dashboards

View time cards by employees and by time card period, or see time card data for actual vs budget by project and project task. this is often the top financial dashboard for gaining insights into which tasks and projects operate efficiently, and which are over-budget in their use of labor hours.

Can I Create Custom Financial Dashboards?

You can create your own financial dashboards with high-performance accounting software like Accounting Seed. Custom dashboards allow you to fit your reports and insights to your particular business process, shedding light on accounting and order management, sales, support, and operations.

How to Build a Custom Dashboard

With Accounting Seed’s simple drag-and-drop functionality and no-code customization, you’ll easily tailor financial dashboards to your processes and accounting workflows. Dig deeper and build crisp, clear financial presentations and real-time reports with user-defined calculations, rows, and columns.

Simply drag and drop from an enormous library of built-in graphics. Other dashboard elements to create custom dashboard views that fit your business.

If you’re able to see through to the heart of your business operations and functions in insight-packed detail, it’s time to modify to Accounting Seed. Request a demo to find out how you can transform your business, release valuable time, and increase your profitability.

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