Chart of Accounts
The data model includes measures such as Total Revenue (sum of generated revenues), Gross Profit (revenue minus cost of goods sold), Net Income (total revenue minus expenses), Operating Expenses (sum of all operational costs), and Profit Margin (net income divided by total revenue as a percentage). Views comprise Trial Balance, Income Statement, Balance Sheet, and various financial summaries for robust financial analysis, budgeting, and expense tracking across departments and vendor relationships.
Benefits of This Data Model
- Enhanced Financial Analysis: The data model allows for detailed financial analysis through measures like Gross Profit, Net Income, and Profit Margin, enabling better decision-making based on accurate financial insights.
- Streamlined Expense Tracking: The inclusion of Operating Expenses measure and views like Vendor Expenses and Departmental Spending facilitates precise monitoring and analysis of expenses at both vendor and department levels for improved cost management.
- Comparative Performance Evaluation: With measures such as Total Revenue and Profit Margin, along with views like Budget vs Actuals, the data model supports accurate comparison of planned budgets with actual financial outcomes, aiding in performance evaluation and strategic planning.
- Efficient Financial Reporting: Views such as Trial Balance, Income Statement, and Balance Sheet offer comprehensive financial snapshots at specific points in time, leading to streamlined reporting processes and enhanced visibility into the organization's financial health.
Key Performance Indicators (KPIs)
- Total Revenue: Sum of all revenues generated by the company.
- Gross Profit: Revenue minus the cost of goods sold.
- Net Income: Total revenue minus all expenses.
- Operating Expenses: Sum of all expenses incurred in the normal course of business operations.
- Profit Margin: Net income divided by total revenue, expressed as a percentage.
Available Visualizations
| View Name | Description |
|---|---|
| Chart of Accounts | Overview of all financial categorizations and classifications within the organization |
| Trial Balance | Summary of all account balances at a specific point in time for verification |
| Income Statement | Displays revenue, expenses, and net income over a specific period |
| Balance Sheet | Lists assets, liabilities, and equity at a particular moment, giving a snapshot |
| Cash Flow Statement | Details cash receipts and cash payments over a specified period |
| Ledger Summary | Provides a summarized version of the general ledger for easier analysis |
| Profit and Loss | Breakdown of revenues, costs, and expenses to determine financial performance |
| Budget vs Actuals | Compares planned budgeted amounts with actual financial outcomes accurately |
| Vendor Expenses | Breakdown of expenses related to vendors and suppliers for cost analysis |
| Departmental Spending | Analysis of expenses incurred by different departments within the organization |