KPI Library
Value of New Balance Transactions
Amount you’ve spent on transactions in the last billing period.
Amount of money you’ve spent on transactions in the last billing period.
There are different transactions that you or your employees can do with the company’s credit card. This KPI takes into account payments, purchases, transfers, fees, and any other transaction that your company needs. These, therefore, will impact your next balance, since they’ll determine the amount of money that you have left after the billing period. This KPI, therefore, gives you the best real-time insight into your balance at all times, allowing you to act fast on it to stay on top of your expenses. It can also give you great learnings to understand where your transactions are going and readjust them if needed.
KPI Example
What is the Value of New Balance Transactions?
The Value of New Balance Transactions is the monetary value of your credit card transactions over the last billing period (usually a month).
There are different transactions that you or your employees can make on the company’s credit card. This KPI takes into account payments, purchases, transfers, fees, or any other transaction that your company needs. These charges impact your next balance, since they determine the money you’ll have left after the billing period.
This is a relevant KPI for your finance team to monitor.
Why is the Value of New Balance Transactions important?
The Value of New Balance Transactions is important because it gives the best real-time insight into your balance, allowing you to act quickly to stay on top of your expenses. It can also provide insights on where your transactions are going, and whether to adjust them if needed.
Other KPIs similar to Value of New Balance Transactions include: