Part 6: Key Performance Indicators & Management Dashboard

by | Mar 29, 2021

By: KHA Consulting Team

The following is part six of a multi-part series on The KHA Way, KHA Management Consulting’s Integrated Service Offering. This blog series includes the benefits of using KHA Management Consulting Services and the components included.

If you review your financial statements on a consistent basis, you will notice that income and expenses fluctuate both positively and negatively. While this is vital for management to know, this financial information is historical. It provides beneficial insight to the organization and its past performance but does not provide any details needed in order to make decisions that will affect the future state of the business. Therefore, if management wants to actively drive the business, timely data must be gathered for the activities that show the performance of the business.

In order to begin monitoring this data, management must first determine what those key indicators are that are relative to their business. Each business will have a unique list of measurables that will comprise the data that management deems is most relevant to the day-to-day management process. Often, the task of determining and narrowing down the list of the key indicators is an overwhelming one. Our goal is to find the right balance of information needed for you to manage your business without getting sidetracked by too much data. Our KHA Management Consulting team can help by facilitating a meeting within your leadership team to determine the key performance indicators that will provide insight to your business performance on a weekly basis. Once established, the appropriate weekly goal for each one must be determined and set. These goals should tie to a yearly plan and budget to ensure they are attainable and realistic.

The data provided by monitoring KPIs on a weekly basis is exponentially better when the data is organized in a way that allows management to monitor relevant data trends. A management dashboard can be developed by our team to provide the insight of not only the current weekly numbers but also prior weeks, months, or years data. The management dashboard will be the resource center for management to rely on to determine if the business is on track or if adjustments need to be made to rectify or avoid problems in a timely manner. Once the dashboard is built, the appropriate business personnel will be trained on how to update the document so that it becomes a valuable management tool. However, it is also a dynamic report that can and should be adjusted to meet the everchanging needs of the organization. Therefore, our trusted advisors are always available to provide additional help to ensure that KPIs and management dashboards are focused on a business’ unique drivers.

At KHA Management Consultants, we work with mid-market industry leaders to identify what makes the organization, its stakeholders, and its’ employees tick. We facilitate the Accounting Visibility process with your organization’s key constituents to ensure buy-in, ownership, and a new way of thinking about the organization and its stakeholders amongst all levels. From a resource perspective, we primarily use our unmatched experience but also tap into the top-level resources such as those made available by Harvard Business Review, relevant strategic management authors, and MentorPlus. Some of those materials, frameworks, and lessons have been used in authoring this series.

KHA Management Consultants, the consulting department of KHA Accountants, PLLC, based in Flower Mound, Texas, is always looking for opportunities to work with key clients ready to take their organization to the next level. If you have a desire to improve, take the first step toward success with the strategic management experts, and contact us at 972-221-2500.

Using POD and TOD Accounts in Your Estate Plan

Discover how Payable-on-Death (POD) and Transfer-on-Death (TOD) accounts streamline the inheritance process, enabling beneficiaries to bypass probate and access assets swiftly. While these tools offer speed and cost-effectiveness, they come with potential pitfalls that could disrupt your estate plan if not carefully coordinated. Explore their benefits and drawbacks to ensure seamless asset distribution among your loved ones.

The Strategic Power of Charitable Lead Trusts: How Families Can Transfer Assets While Making an Impact

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Maximizing Your Itemized Deductions Under the One Big Beautiful Bill Act: A Strategic Guide for 2026

The One Big Beautiful Bill Act has fundamentally reshaped the landscape of itemized deductions, creating both new opportunities and challenges for taxpayers who want to maximize their tax savings. While the SALT deduction cap increases to $40,000 and new charitable giving options emerge, taxpayers also face a new 0.5% AGI floor on charitable deductions and limitations that effectively cap itemized deduction benefits at 35% for high earners starting in 2026. Success under the new law requires strategic multi-year planning, including bunching deductions in alternating years and carefully timing major deductible expenses to avoid new limitations while maximizing available benefits.

Maximize Your Legacy While Minimizing Taxes: The Strategic Guide to Charitable Remainder Trusts

If you’re looking to support your favorite charitable causes while maintaining an income stream and achieving significant tax benefits, a charitable remainder trust (CRT) could be the perfect solution. This sophisticated estate planning tool allows you to convert appreciated assets into lifetime income while making a meaningful charitable impact—all while potentially saving thousands in taxes. Whether you hold highly appreciated stocks, real estate, or other valuable assets, a CRT offers a strategic way to diversify your holdings, reduce your tax burden, and create a lasting philanthropic legacy.

Scenario Planning: A Roadmap for Business Agility

In a world of constant change and unpredictability, scenario planning empowers businesses to anticipate multiple futures and make informed decisions. This strategic approach helps organizations manage risks, optimize resources, and stay agile amidst economic volatility, technological advancements, and shifting consumer preferences. Discover how scenario planning can transform your company’s resilience and growth potential.

What Are Opportunity Zones?

Timing is key in maximizing the benefits of OZ investments. With thoughtful planning and strategic execution, OZs can be a cornerstone of both financial success and meaningful change.