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QuickBooks
Balance (Accrual)
The Balance metric refers to the difference between the total assets and total liabilities of a company at a given point in time. It indicates the financial position of the company and its ability to meet its financial obligations.
With Databox you can track all your metrics from various data sources in one place.
- About
- Tech details
- Notes
What is "Balance (Accrual)"?
The Balance metric is the total amount of money in a specific account at a given point in time. It represents the net difference between the total amount of debits and total amount of credits in the account. It is an important metric in monitoring and managing the financial health of a business.
Example: Example: The balance metric in QuickBooks can help business owners keep track of their cash flow by showing the amount of money they have on hand after subtracting their expenses from their income.
Visualizations
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Number
Used to show a simple Metric or to draw attention to one key number.
How to track Balance (Accrual) 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 (Accrual) 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 Balance (Accrual) on the Performance screen
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6Get Balance (Accrual) performance daily with Scorecards or as a weekly digest
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7Set Goals to track and improve performance of Balance (Accrual)
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
Basics
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DescriptionThe Balance metric refers to the difference between the total assets and total liabilities of a company at a given point in time. It indicates the financial position of the company and its ability to meet its financial obligations.
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CategoryAccounting
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SubcategoryBalance
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Date Added2016-05-20
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Default FormatPrefixCurrency
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Cumulative SupportNo
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UnitsYes
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Granularitiesdaily, weekly, monthly, yearly, quarterly, allTime
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Favorable Trendincreasing
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Historical DataYes
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Changing historical dataYes
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Forecast SupportYes
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Benchmark SupportYes
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Media SupportNo
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DimensionN/A
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Metric Typegeneral Learn more
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API Endpointhttps://quickbooks.api.intuit.com/v3/company/{realmId}/reports/BalanceSheet
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Visibility of Quickbooks Bank Accounts in Databox
In order for a Bank Account from Quickbooks to be visible in metrics in Databox, the Bank Account must be visible in the Balance Sheet report in Quickbooks under the Assets > Current Assets > Bank Accounts tree.
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Overdue Invoices
Overdue Invoices is a metric that measures the amount of outstanding customer invoices that are past their due date and have not been paid yet. It helps monitor the cash flow and identify potential payment issues.
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Net Income (Cash)
Net Income (Cash) is the total profit earned by a business after deducting all expenses that have been paid in cash.
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Cost of Goods Sold (Accrual)
The Cost of Goods Sold (Accrual) metric represents the direct costs incurred in producing goods or services sold during a specific period.
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Cost of Goods Sold (Accrual) by Category
The Cost of Goods Sold (Accrual) by Category metric helps track the total cost of goods sold for each category, providing insights into the profitability of different product categories.
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Other Expenses (Accrual) by Subcategory
This metric tracks the total amount of accrued expenses categorized by subcategories other than the main expense categories in QuickBooks.
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Assets (Accrual)
Assets in QuickBooks refer to the resources that a company owns and can use to generate revenue. These include cash, accounts receivable, inventory, and property. Assets are important because they show a company's financial strength and ability to generate income.
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Current Assets (Cash)
Current Assets refer to the resources that are likely to be turned into cash in only one year or less. Examples include cash, inventory, accounts receivable, and prepaid expenses. It is a critical metric for evaluating a company's liquidity and ability to meet short-term obligations.
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