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QuickBooks
Average Price (Cash) by Product
The Average Sales by Product metric displays the mean selling price for each product in the Product Service Summary report of QuickBooks, facilitating clear and direct pricing insights.
With Databox you can track all your metrics from various data sources in one place.
- About
- Technical Details
What is "Average Price (Cash) by Product"?
The Average Price by Product metric calculates the average selling price of products over a specific time period. This metric allows businesses to analyze the pricing strategy of their products and identify opportunities to increase or decrease prices. The formula to calculate this metric is the total revenue generated by a specific product divided by the total quantity sold of that product. This metric is important to track for businesses as it directly impacts their bottom line and profitability.
Example: Calculating the Average Price by Product metric can help a retail business determine which items are their best-sellers by comparing the prices of their products and the sales volume of each.
Visualizations
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Bar and Line Chart
Used to show comparisons between values.
How to track Average Price (Cash) by Product 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 Average Price (Cash) by Product using Databox, follow these steps:
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1Connect QuickBooks that contains the metric you want to track
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2Select the metric you want to track from the list of available metrics
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3Drag and drop the selected metric onto your dashboard
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4Watch your dashboard populate in seconds
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5Put Average Price (Cash) by Product on the Performance screen
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6Get Average Price (Cash) by Product performance daily with Scorecards or as a weekly digest
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7Set Goals to track and improve performance of Average Price (Cash) by Product
GoalsSet Goals to track and improve your performance
ScorecardsGet your daily progress every morning with Scorecards
Metric DigestReceive detailed weekly performance updates
Metric BuilderBuilt your own custom metrics with Metric Builder
Data CalculationsSet Goals to track and improve your performance
Performance ScreenGet instant insights into your top-performing metrics
General
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DescriptionThe Average Sales by Product metric displays the mean selling price for each product in the Product Service Summary report of QuickBooks, facilitating clear and direct pricing insights.
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CategoryAccounting
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Date Added2016-05-20
Specification
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Metric Typegeneral
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DimensionalYes
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Decimal DigitsYes
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Currency UnitsYes
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GranularitiesDaily, weekly, monthly, yearly, quarterly and all-time.
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Custom Relative PeriodsYes
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Data AvailabilityAt sync, it ranges from 36 months ago midnight to now.
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Retroactive Data UpdatesNewly synced data is merged with existing data, replacing values for matching periods.
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Future Data AvailableNo
Visualization
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Default FormatPrefixCurrency
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Cumulative GraphNo
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Favorable Trendincreasing
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Media CreativesNo
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ForecastsYes
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BenchmarksNo
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