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PayPal Balance

The Balance metric in PayPal refers to the amount of funds available in a user's account, which can be used to make payments or withdraw to a linked bank account.

With Databox you can track all your metrics from various data sources in one place.

Balance $70,000 Start tracking this metric
  • About
  • Tech details

What Is the Balance Metric

Balance refers to the amount of funds available in a specific account at a given moment.

Each account has its own balance which reflects the net result of all inflows and outflows related to that account.

If we are talking about a bank account, the balance would be the amount of money present in that account after considering all deposits, withdrawals, and any other transactions.

For businesses, monitoring the balances of various accounts is vital to ensure liquidity and operational efficiency. Tracking the balance of a cash account helps assess the company’s ability to pay bills, invest in new opportunities, and cover unexpected expenses.

How to Calculate Balance

Calculating the balance of an account involves summing up all the relevant transactions and adjustments to determine the remaining funds.

Here is a general formula you can follow:

Balance = Starting Balance + Total Credits – Total Debits

That said, business account balances are usually visible automatically within the specific payment/accounting apps you use, and there’s no need for any manual calculations.

How to Improve Balance

A healthy account balance reflects the company’s ability to manage its resources effectively, meet financial obligations, and seize opportunities for expansion.

This means that improving your balance basically comes down to generating more revenue.

Here are a few useful strategies that businesses can use to improve their account balance and optimize their financial position.

  • Look for barter and trade agreements: Barter and trade agreements with other businesses can be an innovative way to acquire goods or services without immediate cash outflows. By exchanging products with partners, your business can conserve the cash you have, while also building beneficial relationships with other companies.
  • Opt for short-term financing solutions: When seeking external financing, businesses should opt for short-term solutions whenever possible. Long-term debts have a huge strain on your account over time due to the much higher interest costs. Short-term financing options, such as lines of credit or short-term loans, can provide the necessary funds without compromising long-term financial health.
  • Optimize cash flow management: Effective cash flow management is paramount in keeping your balance in check. Each business needs to closely monitor its cash flow and make sure that receivables are collected promptly and payables are managed efficiently. You can even offer incentives for early payments and negotiate extended payment terms with suppliers for further optimization.

More resources to help you improve:

This metric has one or more equivalents:

Visualizations

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    Number

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    Bar and Line Chart

    Used to show comparisons between values.

How to track Balance in Databox?

Databox is a business analytics software that allows you to track and visualize your most important metrics from any data source in one centralized platform.

To track Balance using Databox, follow these steps:

  1. 1
    Connect PayPal that contains the metric you want to track
  2. 2
    Select the metric you want to track from the list of available metrics
  3. 3
    Drag and drop the selected metric onto your dashboard
  4. 4
    Watch your dashboard populate in seconds
  5. 5
    Put Balance on the Performance screen
  6. 6
    Get Balance performance daily with Scorecards or as a weekly digest
  7. 7
    Set Goals to track and improve performance of Balance
PayPal integration with Databox Track Balance from PayPal in Databox GET STARTED

PayPal Balance included in Dashboard Templates 1

  • Live view

    PayPal Account Overview

    This dashboard allows you to track all the key metrics for your company, starting from Gross Sales, Shipping costs, PayPal fees, and more.

    PayPal

Basics

  • Description
    The Balance metric in PayPal refers to the amount of funds available in a user's account, which can be used to make payments or withdraw to a linked bank account.
  • Category
    Payment Processing
  • Date Added
    2016-05-31
  • Default Format
    PrefixCurrency
  • Cumulative Support
    No
  • Units
    Yes
  • Granularities
    daily, weekly, monthly, quarterly, yearly, allTime
  • Favorable Trend
    increasing
  • Historical Data
    No
  • Changing historical data
    No
  • Forecast Support
    Yes
  • Benchmark Support
    Yes
  • Media Support
    No
  • Dimension
    N/A
  • Metric Type
    current Learn more
  • API Endpoint
    http://soapproxy.prod/

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