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Accounting metrics and KPIs

What are Accounting metrics?

Crafting the perfect Accounting metrics can feel overwhelming, particularly when you're juggling daily responsibilities. That's why we've put together a collection of examples to spark your inspiration.

Transfer these examples to your app of choice, or opt for Tability to help keep you on track.

Find Accounting metrics with AI

While we have some examples available, it's likely that you'll have specific scenarios that aren't covered here. You can use our free AI metrics generator below to generate your own strategies.

Examples of Accounting metrics and KPIs

Metrics for Accuracy And Timeliness Of Reporting

  • 1. Reporting Error Rate

    Percentage of financial reports containing inaccuracies or inconsistencies

    What good looks like for this metric: Less than 1%

    Ideas to improve this metric
    • Implement automated validation checks
    • Provide regular training to staff
    • Use standardized reporting templates
    • Conduct regular audits
    • Improve data integration processes

  • 2. Report Submission Time

    The average time taken to complete and submit financial reports

    What good looks like for this metric: Less than 5 days post-period close

    Ideas to improve this metric
    • Streamline data collection processes
    • Automate data consolidation tasks
    • Set clear timelines and reminders
    • Use a centralised reporting system
    • Allocate dedicated reporting personnel

  • 3. Data Reconciliation Time

    The average time taken to reconcile financial data from various sources

    What good looks like for this metric: Less than 2 days

    Ideas to improve this metric
    • Integrate financial data systems
    • Automate reconciliation tasks
    • Regularly update and maintain data sources
    • Conduct frequent interim reconciliations
    • Use reconciliation software

  • 4. Internal Control Effectiveness

    Measure of how well internal controls prevent inaccuracies and ensure data integrity

    What good looks like for this metric: 95% compliance rate

    Ideas to improve this metric
    • Regularly review and update control processes
    • Provide comprehensive training on internal controls
    • Utilise internal control software
    • Perform periodic control testing
    • Establish a clear segregation of duties

  • 5. Stakeholder Satisfaction

    Feedback from stakeholders regarding the accuracy and timeliness of financial reports

    What good looks like for this metric: 90% satisfaction rate

    Ideas to improve this metric
    • Regularly solicit feedback from stakeholders
    • Act on feedback to improve processes
    • Engage stakeholders in reporting process improvements
    • Use clear and concise reporting formats
    • Provide timely updates and reports
accuracytimelinessfinancial-analystinternal-auditoraccountingfinance
Implement these metrics

Tracking your Accounting metrics

Having a plan is one thing, sticking to it is another.

Setting good strategies is only the first challenge. The hard part is to avoid distractions and make sure that you commit to the plan. A simple weekly ritual will greatly increase the chances of success.

A tool like Tability can also help you by combining AI and goal-setting to keep you on track.

Tability Insights DashboardTability's check-ins will save you hours and increase transparency

More metrics recently published

We have more examples to help you below.

Planning resources

OKRs are a great way to translate strategies into measurable goals. Here are a list of resources to help you adopt the OKR framework:

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