Know These 4 Business Financial Metrics to Track Performance

In order to make informed business decisions, such as seeking financing, you need to be able to understand your financial performance — especially since the COVID-19 pandemic has altered the way many small businesses operate.

Navigating your financial metrics doesn’t mean you have to sit crunching numbers on a calculator, however.

When you use technology, like accounting software, you can automate data processing and instead spend your time looking at the actual insights the data provides, says Ben Richmond, a chartered accountant and U.S. country manager at Xero, a cloud-based accounting software platform provider. With the right tools, you can take more control of your business and have more confidence, he says.

Here are four metrics that are essential to understand when managing your business finances.

1. Cash flow

Cash flow, or the amount of money coming into and going out of your business, is one of the most important

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Corporate world ‘way off track’ in dealing with climate crisis

Village of Mora in the province of Toledo, Castilla la Mancha, Spain, Europe.

Are businesses failing to engage with climate change? (Getty)

The business world is “way off track” in tackling the climate crisis, the head of the Confederation of British Industry (CBI) has warned. 

He also called for more detail on government plans to switch to wind power, in an effort to tempt global investors to spend money in the UK. 

Tony Danker, director general of the CBI, told the Road to Zero conference: “Tackling the planet’s climate crisis before it’s too late has always been a seismic challenge demanding global cooperation on an unprecedented scale.

“The world has no room for failure. The climate crisis is worsening and currently we’re way off track.”

Watch: Climate activists march in California to demand action

Read more: Melting snow in Himalayas drives growth of green sea slime visible from space

Danker said current government plans to reduce emissions were too vague and

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