Adjusting these standard metrics for specific client needs is easy and can be completed in minutes! For information on creating custom KPIs for financial and non-financial metrics, please see "Using the KPI Generator".
KPIs are calculated based on account assignments. For example, the "Current Ratio" is calculated based on "Current Assets/Current Liabilities". On initial sync, ProfitSee tries to determine which accounts are "Current Assets" and which are "Current Liabilities" and will assign the accounts to the appropriate fields.
To edit the KPI Field assignment:
When you first open the KPI section in ProfitSee, the overview allows you to immediately see which KPIs are healthy and which are not. The status is calculated based on limits you can set and adjust. Initially, ProfitSee automatically sets limits for certain KPIs that are typical for most SMEs. To edit (or set) these limits, click on the KPI name or the chart icon on the right.
The KPI chart will open, which allows you to edit or set your limits for this KPI based on industry standard or client need. You can set or update the limits and target value in one of two ways: by either dragging the upper limit, lower limit and target value lines to the desired values, or by entering the desired values in the boxes on the right. When you are done editing your limits, click"Save".
ProfitSee also offers a notification service in the event that one of your KPIs falls outside of its set upper and lower limits. To activate notifications for a particular KPI, simply check the"Notify"box and click"Save". If ever you decide you no longer need the notification, simply uncheck the box and click"Save" to deactivate it.
Please note that you need to check this box for each individual KPI you wish to receive notifications on. If one of your KPIs scheduled for notification hits the threshold, you will receive an automated email similar to this one: