| Every Business Should Have a Financial Dashboard

Posted in Business Finance Lessons at 9:00 AM by Loftis Consulting

A financial dashboard can help your business keep on top of important financial information such as cash flow, accounts receivable and sales. A financial dashboard provides a real-time snapshot of the key performance indicators for your business.  For example, daily billable hours would be important to a service company. If the billable hours are down, by looking at it daily you would be able to take action to increase sales immediately. If you waited until the financial statements came out you would have lost time to act, which could be very damaging to a small business.

To learn more about financial dashboards I recommend the American Express Open article “How a Financial Dashboard Can Help Your Business”.

Loftis Consulting is a provider of CFO services to small to  mid-size businesses or an interim or part-time basis. To learn more about Loftis Consulting, call (312) 772-6105 or visit LoftisConsulting.com

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