KPIs for a Financial Accountant

Personal KPIsStrategic ThemeProcess
% Variance to Expense Budget (Financial Accountant's Dept.)Financial - EfficiencyTransaction Processing & Reporting
Cost per General Ledger EntryFinancial - EfficiencyKPIs and Continuous Improvement
% Internal Survey Score (Price Questions) (Financial Accountant's Dept.)Customer - PriceKPIs and Continuous Improvement
% Internal Survey Score (Quality Questions) (Financial Accountant's Processes)Customer - QualityExecute Production or Operations
% Internal Survey Score (Delivery Questions) (Financial Accountant's Processes)Customer - DeliverDistribute or Handover
% Compliance to BOPsProcess - OperationsBusiness Planning & Budgeting
Days to complete Month EndProcess - OperationsTransaction Processing & Reporting
% Operating Profit to Shared Service CostsProcess - SupportTransaction Processing & Reporting
% Project Milestones on Time (Financial Accountant's Initiatives)Process - Projects & InitiativesCapex and Projects
% Projects on Time (Financial Accountant's Initiatives)Process - Projects & InitiativesCapex and Projects
% Projects on Time, Scope & Budget (Financial Accountant's Initiatives)Process - Projects & InitiativesCapex and Projects
% Projects within Budget (Financial Accountant's Initiatives)Process - Projects & InitiativesCapex and Projects
% Projects within Scope (Financial Accountant's Initiatives)Process - Projects & InitiativesCapex and Projects
# Days to complete budgetProcess - PlanningBusiness Planning & Budgeting
# Days to complete forecastProcess - PlanningBusiness Planning & Budgeting
% Overhead Forecast Accuracy - 1 mthProcess - PlanningBusiness Planning & Budgeting
% Planning deadlines achievedProcess - PlanningBusiness Planning & Budgeting
% Adherence to Process (Financial Accountant's Processes)Process - Policies & ProceduresGovernance, Risk and Compliance
% Compliance with System Controls (Financial Accountant's Processes)Process - Policies & ProceduresGovernance, Risk and Compliance
% Policies & Processes up to Date (Financial Accountant's Processes)Process - Policies & ProceduresGovernance, Risk and Compliance
% Processes Automated / Systemised (Financial Accountant's Processes)Process - Policies & ProceduresGovernance, Risk and Compliance
% Processes Published to staff (Financial Accountant's Processes)Process - Policies & ProceduresGovernance, Risk and Compliance
% Audit Findings Resolved by DeadlineProcess - GovernanceGovernance, Risk and Compliance
% ISO Score (Financial Accountant's Processes)Process - GovernanceGovernance, Risk and Compliance
Audit Score RatingProcess - GovernanceGovernance, Risk and Compliance
% Personal Capability AchievedPeople & Systems - Human CapitalTraining & Development
% Automated Reporting from Accounting SystemPeople & Systems - InformationTransaction Processing & Reporting
% Master Data Accuracy (Chart of Accounts)People & Systems - InformationTransaction Processing & Reporting
% Master Data Accuracy (Cost Centres)People & Systems - InformationTransaction Processing & Reporting
% Master Data Accuracy (Costings)People & Systems - InformationTransaction Processing & Reporting
% Master Data Accuracy (Suppliers)People & Systems - InformationTransaction Processing & Reporting
% Process Steps Requiring Paper Forms (Financial Accountant's Processes)People & Systems - InformationDesign & Build IT Services & Solutions
% Personal Development Plans CompletedPeople & Systems - Performance ManagementPerformance Management
% Personal Tasks OverduePeople & Systems - CulturePerformance Management
% Compliance with King III (Financial Accountant's Dept.)Financial - GovernanceGovernance, Risk and Compliance
% Previously Disadvantaged Individuals (South Africa) (Financial Accountant's Staff)People & Systems - GovernanceGovernance, Risk and Compliance

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Financial accountants need KPIs for measuring and monitoring the following:

  • Accuracy, speed and efficiency of transactional processing.
  • Quality, yield and lead times of manufacturing and operational processes.
  • Adherence to the operations plan.
  • Unplanned maintenance.
  • Planning deadline dates and adherence to these.
  • Change through projects and initiatives which are measured in terms of budget, time and scope.
  • Good governance, including risk, social responsibility, compliance, environment and sustainability.
  • Input, testing, implementation and adoption of IT solutions in the financial department / area.