This perspective allows you to see the big picture, highlighting the elements that contribute to the overall mission while filtering out the noise. A KPI dashboard presents complex data in an easily digestible format, often using charts, graphs, and tables. KPIs are metrics an organization has identified as critical to measuring its performance.īut why a dashboard? Well, trying to navigate large datasets without visuals is like asking a young person to explicitly describe Fortnite dances using only words. Monthly or Weekly Tracking: View total costs and expenditures by week, month, or year.What is a KPI dashboard-and why build one in Excel?Īn Excel KPI dashboard is a visual representation of your key performance indicators (KPIs), giving you a bird's-eye view of what's working and what's not.Authorized By: Enter the name of the authorizing employee for any expenses incurred.Purpose of Expense: Beyond categorizing expenses, it can also be helpful to track the purpose of each expenditure.Expense Category: Organize your costs into typical categories, such as rent, taxes, utilities, legal, marketing, payroll, and inventory.Description: Add descriptions of costs and expenses for more detailed accounting.Date: Enter the date of the expenditure.Manager: Enter the name of the manager responsible for the employee incurring expenses.Enter department details to assign expenses correctly. Department: Many businesses have separate budgets for each department.Statement: Organize expense reports with a statement number to allow for easy cross-referencing and document retrieval.Employee ID: Use employee identification numbers as an alternate way to track expenses.Name: Track expenses by employee or group name.Track costs and expenses on a weekly, monthly, or yearly basis, in as much detail as is required for your business.Ī small business expense tracking template typically includes the following features, many of which you can customize: Customize the categories in the templates on this page to fine-tune your tracking to meet your exact financial needs. It’s critical for small business owners to accurately track expenses, and using a template can simplify the process. A template can help you track all expenses for clear, organized accounting. You can add cost, administrative expenses, vendor payments, reimbursable employee costs, and more.
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