Entrepreneurs need to know their numbers. And they need to know on a timely basis. But they are so busy running their businesses that most numbers may only get reviewed monthly or quarterly. The only numbers that get monitored more frequently might be revenue and website traffic.
One of the biggest problems with reporting is that traditional financial statements are based on generally accepted accounting principles (GAAP), standards used for financial reporting among public companies. Even the SBA website attempts to explain financial statements, but after many confusing paragraphs trying to explain a balance sheet and income statement, the article concludes that “an income statement does not reveal hidden problems…”. No kidding!
TrepMetrics™ provides a solution for entrepreneurs. We start by defining your unique performance metrics, and then develop a dashboard system to monitor and report the key financial metrics on a daily basis. It is a system designed for busy entrepreneurs who need to know their numbers, by summarizing relevant metrics in a dashboard that can be easily monitored each day.