Your Dashboard

Summary of a few simple methods to organize your financial monitoring.

1. The payment deadline

Calculate your clients' payment deadline in terms of days of turnover:

((Accounts Receivable in balance sheet + EENE) x Total Turnover including taxes)/360 = Number of Days of Total Turnover including taxes
EENE is the amount of drafts discounted but not due, which are off-balance sheet

2. The working capital requirement

Calculate your company's working capital requirement:

WORKING CAPITAL REQUIREMENT = STOCKS + ACCOUNTS RECEIVABLE - ACCOUNTS PAYABLE

3. Your client portfolio

Create a dashboard of your client portfolio which should include the following elements:

• number of clients,
• breakdown of the client base (in %): companies or individuals, sector of activity, Côte d'Ivoire or export,
• payment methods: cash, check, credit card, drafts, bank transfer...
• number of monthly invoices,
• average amount of an invoice.