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Recommend a set of KPIs to track when evaluating the effectiveness of an outsourced accounting provider for a D2C company.
Frequently Asked Questions
Outsourced Accounting Services
Recommend a set of KPIs to track when evaluating the effectiveness of an outsourced accounting provider for a D2C company.
As per general industry understanding, companies may monitor:
a) Month-end close timelines
b) Reporting accuracy
c) Reconciliation completion rates
d) Invoice processing cycle time
e) Accounts receivable aging
f) Accounts payable aging
g) Cash flow forecast variance, and
h) Financial statement delivery schedules
In addition, management should review exception rates, audit observations, compliance issues, and response times for finance requests.