NEWS FROM OUR PARTNER THE EXCHANGE Accounting Seed SUMMER 2022 GOALS 1. Net Profit Versus Goal Where are you now versus where you want to be? GOALS What gets measured gets improved. A year-to-date net profit versus goal display shows where GOALS GOALS you are compared to where you planned to be. Monitor overall performance with this report GOALS displaying your progress as a function of revenue and costs. TOP 5 GOALS 2. Average Days to Pay by Customer REPORTS TO POWER Which customers have outstanding payments? TOP 5 Following up on unpaid invoices is a common best practice for improving cash flows. Tracking TOP 5 billing age by customer can help boost your company’s liquidity. Track overdue payments and TOP 5 YOUR ACCOUNTING surface customers who need more attention from your customer success or product teams. TOP 5 REPORTS TO POWER TOP 5 REPORTS TO POWER REPORTS TO POWER DASHBOARD 3. Forecasted Revenue and Payables REPORTS TO POWER YOUR ACCOUNTING REPORTS TO POWER What are you making versus what is owed? YOUR ACCOUNTING YOUR ACCOUNTING A forecast financial dashboard can inform your team about the right steps to take to scale or YOUR ACCOUNTING rightsize your business. The more data you put into the system for past and projected expenses DASHBOARD YOUR ACCOUNTING DASHBOARD and earnings, the more accurate the model is, helping you make real-time, strategic decisions DASHBOARD to grow your business. Along with projected revenue, accounting dashboards that predict your DASHBOARD future payables (money owed to suppliers or vendors) help you understand your company’s DASHBOARD current bandwidth. With a forecasted payables dashboard, you’ll get an easy way to fine-tune payment patterns, bolster vendor relationships, and lock down your working capital ratio. 4. Transaction Detail by General Ledger Account What are the details of each transaction? A useful general ledger dashboard lets you filter by specific general ledger accounts like revenue, expenses, or transfers. Ideally, you can also drill down for more granularity by period and see transaction details. This report can help your accounting team spot transaction origins and contact points for smoother reconciliations and spend less time searching for key information. 5. Current Cash Balances With data report overload, making strategic decisions based on financial insights is often What is the cash flow health of your business today? financial dashboards are critical to enable Pulling together all the balances from multiple accounts can be time-consuming. This time-consuming and challenging. That is why sales, management, and accounting teams to make well-rounded strategic decisions, financial dashboard allows you to see your current cash balances from all accounts in one close more sales, and reduce customer acquisition costs. place, then drill down for more detail. Once all the data is pulled together in your dashboard, simply refresh it to see the latest information. Our partner Accounting Seed knows that a good dashboard will display revenue, costs, profits, losses, and everything in between. Here are the top five reports it recommends to Accounting Seed, a fully Salesforce-native accounting solution, can help you become more power your business’ accounting dashboard. strategic, effective, and efficient with your financial data. Learn more about Accounting Seed on AppExchange. 7