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Setting Accounting Manager Performance Goals & Targets

Kuda Taruvinga's Profile

setting accounting manager performance goals & targetsI am in the process of setting up annual performance targets for my finance/accounting manager, please advise what would be the best targets?

Answers

Topic Expert
Christie Jahn
Title: CFO
Company: Prime Investments & Development
(CFO, Prime Investments & Development) |

Budget to Actual, Expenses related to that person as a % to Income, their portion of payroll dollars to Income. Love the finance team payroll as a % to income; it forces the person to really analyze hiring needs in a way that impacts their own pay.

Len Green
Title: Performance Improvement Consultant and E..
Company: Haygarth Consulting LLC
LinkedIn Profile
(Performance Improvement Consultant and ERP Strategist, Haygarth Consulting LLC) |

Adding to Christie's list, try some of these:
-Number of days to report prior month's financial results
-DPO: days payables outstanding
-DSO: sales sales outstanding
Plus identify some innovation targets:
-moving x% of transactions to paperless processing (AR and AP)

Syed Tanwir Afzal
Title: Financial Controller
Company: Azadea Group
(Financial Controller, Azadea Group) |

Follow your existing trend to achieve the targets and avoid to go on extreme which is not achievable.

Topic Expert
Christie Jahn
Title: CFO
Company: Prime Investments & Development
(CFO, Prime Investments & Development) |

Follow up to Syed's reply. Agreed - whatever you do, don't set unattainable targets. You want this to be motivating so providing some good stretch goals aimed at improving the process is great. Feel free to also visit the targets periodically to make sure they are still reasonable. Things change and some of the targets may need to be altered as business changes.

Tarun Joshi
Title: Manager
Company: Deutsche Bank
(Manager, Deutsche Bank) |

Zero compliance issues can be one of the targets.
Moreover, improving relationship with the SBUs could also be one target as these are the internal customers.

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