Monitoring Revenue And Expenses With Income Statement Dashboards
How does management keep on top of financial metrics? And how can they best identify opportunities or weaknesses in the operation in order to maximize profitability or prevent unwanted financial problems?
Check out these financial dashboards that give provide a quick top-level glance at income statement and related metrics. Using this information, management can quickly keep on top of operations without wasting valuable time.
Our enhanced dashboards are borne from an understanding of the logic behind the Dupont system of financial analysis, which asserts a top-level analysis of important metrics to ascertain insights and potential weaknesses in the financial and business model. These insights are then acted upon to maximize return on equity and the levers that are driving the return on invested capital.
Our first dashboard provides a top-level view of important metrics. Management can quickly compare Net Sales vs. expenses in a numerical format. These numbers are also graphically represented in the chart below it.
On the third row you can drill down to compare expense levels to the prior year, but toggling the preferred month in the legend on the right-hand side of the dashboard.
The fourth level provides a heatmap, with the different colours representing expense levels (ie: blue = under control; red = high). When viewing this, management or the financial team can decide whether or not action is warranted.
If you want to take a closer look at the high-level view, the Net Sales vs. expense comparison are magnified in the chart below.
However, we all know that-regardless of the business you’re operating, wages are the one expense that needs constant control. Our dashboard below emphasizes an analysis of wages – both at the staff and executive level.
Want to try out the filters and toggle some numbers? You just need to install Tableau Reader onto your Desktop and launch the visualization file. It's easy! - just do the following:
- Download Tableau Reader here
- Download the visualization file to your Desktop (note: it has a ".twbx" extension)
- Launch Tableau Reader
- Open the visualization file while in Tableau Reader
And that's it! - Happy analyzing!