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Measures Results

Improvements come from implementing systems to measure results

Is your accounting system a necessary evil monster that has to be feed? Most small business accounting systems are designed to process payroll, pay taxes and apply for loan. A system that is good at reporting what has happened. A system designed to tell you when you ran off the cliff. Not a system that helps you anticipate problems and proactively drive profits.

An accounting system can't tell you everything about your company, but it can tell you more about business well-being and performance than any other source of information. We can show you and teach you how.

When driving a car, you have a dashboard in front of you that tells you how fast you are going, when the car is in danger of overheating, how much fuel you have – everything you need to know about what is going on. You don’t have to be a mechanic to understand the dashboard, but you know when and what actions need to be taken.

What you need for your Company is a business dashboard that is monitoring the activities and health of the Company. You don’t need to be an accountant to understand the instruments but you do need to know to read your business dashboard to see emerging problems.
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Having an effective business measurement system begins with having accurate and timely financial data. With that in place, then financial data can be converted into information to provide a way of anticipating problems and proactively manage your business.

Action Plan 

Accounting
System
Review

Define
Profit
Centers

Establish
Performance
Tracking

Develop
Financial
Model

Identify Key
Financial
Measurements 

Focus on Key
Non-Financial
Measurements

Establish
Benchmarks 

Develop
War Room Type
Reporting Process

Create
Business
Dashboard

Wilbanks Business Systems
10500 Spicewood Parkway ~ Austin, TX ~ 512-796-5278
Wilbanks@WilbanksBusinessSystems.com

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