KPI’s (Key Performance Indicators) are measurable metrics used to assess the performance of an Accounting Department. They focus on assessing outcomes, such as customer satisfaction, financial stability and operational efficiency, rather than process-based metrics. By setting specific goals as KPI’s, it allows the Accounting Department to identify strengths and weaknesses so that areas for improvement can be identified and addressed. With this information, Accountants can make informed decisions about how best to allocate resources for maximum success. Ultimately, KPI’s help the Accounting Department create a roadmap for success through precise measurement of performance.