This release in Daxko Accounting includes new Benchmark Reports requested by users that will allow your association to keep metrics on a few key areas of your business. This enhancement in Daxko Accounting also brings a new feature for creating account tags. These tags will be used exclusively with Benchmark Reports for now. These tags will allow you to easily set up a template for other users in your association to pull Benchmark Reports.

What are Benchmark Reports?

The current Benchmark Reports available in Daxko Accounting are Productivity, Efficiency, and Liquidity Report. The reports can be configured however you see fit, however the explanations below will describe how the reports are intended to be used.

• Productivity Report – This report will calculate selected Expenses over selected Revenue for the previous period
• Efficiency Report – This report is intended to provide a benchmark metric for efficiency of programs compared to total operating Expenses
• Liquidity Report – This report will indicate the levels of cash available and can indicate the health of the association.

What are Account Tags?

Account Tags is a way of making your account selection from Chart of Accounts that will be used to run your Benchmark Reports.

Get started using Benchmark Reports today! Full user guide here.