accounting dashboards

The “Income” and “Expenses” card widgets provide a quick overview of the month’s figures, but the “Expenses Breakdown” bar chart provides a detailed summary of expenses by category (advertising, rent, travel, power, etc). Further, the Profit and Loss Summary chart provides this information, along with the company’s income and cost of sales. These key components in financial dashboards can help businesses make informed decisions, track financial performance, and identify areas for improvement. Financial dashboards are tools that visually represent cost, revenue and cash flow metrics for finance and accounting teams. When time is of the essence, these dashboards offer condensed data views, showing you what matters most at a glance. A financial reporting dashboard gives a high-level visualization of KPIs such as revenue by division and revenue vs operating margin over time.

Now more than ever, businesses face a sea of data 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. A financial institution such as a bank, mutual fund, venture capital firm, or broker would design a financial dashboard that shows AUM (assets under management) by business unit or division and balance by investment type. Displaying the dynamic CAGR (compound annual growth rate) over multiple time periods demonstrates the Time Value of Money function of the underlying finance analytics platform. A sophisticated financial dashboard can even automatically generate a narrative based on the user’s selections. A key performance indicator (KPI) dashboard measures overall business performance against predetermined KPIs.


Normally, the end of each month comes with the same cycle of financial reporting and investigation. The previous month’s numbers come in, finance reviews for anomalies in the data, and then manually identifies and resolves any operational issues. For example, you might notice that cash out is unusually low compared to the previous month. You’ll need to dig into your spreadsheets to figure out which bills you haven’t paid and adjust the numbers once you’ve sent out the checks. These teams are likely already using out-of-the-box reporting with tools like Salesforce and HubSpot to monitor some key financial KPIs.

Accounting dashboards can reveal hidden insights and challenge long-held assumptions about business performance. As managers review the data presented, it is an opportune time to critically examine past assumptions and validate the accuracy and consistency of the underlying data. Using the HR Finance Dashboard, HR managers and finance teams can better comprehend their organization’s workforce expenses and identify areas for potential cost savings or improvement. With your data model in place, you can have Power BI users create visualizations that tell a compelling story about your financial data.

How Can Financial Dashboards Help Make Business Decisions?

Dashboards for accounting keep you on top of the trends, so you can spot potential issues early and make informed decisions for the organization’s growth. This almost guarantees rapid improvement in KPIs and other metrics based on clear and concise accounting and reporting. If you are a manager, executive, or CFO and you want to view your financial information in one place that includes key metrics for each quarter, dashboards for accounting can help. If your company is operating globally and has multiple locations, then dashboards allow you to access real-time data without having to log into different systems.

accounting dashboards

The finance function of any business is responsible for managing the company’s financial resources. This includes tracking income and expenses, monitoring cash flow, analyzing financial trends, and making decisions about investments. A financial dashboard is an important tool that helps finance teams visualize and track key performance indicators (KPIs) related to their financial data. It helps you synthesize disparate financial information into one easy-to-use place. A finance dashboard typically includes key metrics such as revenue, operating expenses, working capital, cash flow, and profitability. Including performance indicators like customer satisfaction and employee engagement is also beneficial.

Marketing analytics

It includes an overview of the company’s total monthly income and expenses and a breakdown of individual payments and receipts. It usually includes a summary of cash inflows, cash outflows, and cash balance across different accounts. This dashboard lets finance teams quickly identify potential issues with a business’s cash flow and make necessary adjustments accordingly.

  • Traditional, backward-looking finance functions haven’t been able to play this part.
  • Having this knowledge means you can factor this into your financial planning and also creates the opportunity to reach out to the client in advance to attempt to reduce the delay.
  • You can hone in on the goal of reducing their energy expenses and produce a metric, along with a bar graph that automatically surfaces how much they’ve spent on energy on a monthly basis.
  • Get expert-built dashboards to address finance specific business needs with Accelerators on the Tableau Exchange.

It includes an overview of each balance sheet item, categorized by asset or liability type, and a breakdown of total monthly activity. You can quickly answer questions like, “How much debt do we have.” This dashboard allows finance teams to identify potential risk areas and quickly make necessary adjustments. You can even track critical metrics like the Quick Ratio and the Debt Equity Ratio. An Accounting Dashboard (AD) is a powerful digital tool that enables businesses to gain valuable insights through financial data analysis. A Power BI financial dashboard is a visual representation of financial data and key performance indicators (KPIs) created using Microsoft Power BI, a business analytics tool.

Budget Dashboard

Remember that these values can be perceived differently depending on the approach the business is taking with its financial forecasting. By implementing the methodology outlined above, the finance team can create a comprehensive roadmap for the implementation of finance management tools like the business checking account within the organization. This will allow for the integration of daily operational activities with strategic objectives, resulting in effectiveness and a streamlined approach to achieving business goals along with an increase in gross margin. Moreover, it aids in understanding how HR investments contribute to the organization’s overall financial performance.

Time Card Dashboards

This easy-to-parse financial dashboard example shows your goal, your current situation, and your performance in a simple gauge. A year-to-date net profit 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 one of the best financial dashboards for CFOs to monitor overall performance.