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.
Used to show a simple Metric or to draw attention to one key number.
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:
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.
Total Expenses (Cash) by Category is a metric that shows the amount of money spent on each expense category in cash terms over a specific period in QuickBooks.
The Cost of Goods Sold (Cash) by Category metric measures the amount of money spent on raw materials and production costs related to each category of goods sold, providing insight into profitability and spending patterns.
The Income (Accrual) by Subcategory metric shows a breakdown of the revenue earned by each subcategory in a business, based on the accrual accounting method.
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.
This metric categorizes accrual-based current assets—like receivables and prepaid expenses—into groups, giving a clear view of short-term asset allocation in QuickBooks.
Revenue Growth (Cash) shows how much a company's cash revenue has gone up or down over time. It's found by looking at the difference in revenue between two periods.
This metric categorizes long-term debt recorded on an accrual basis—covering loans, mortgages, bonds, etc.—to provide a clear view of a business's incurred liabilities in QuickBooks.
This metric shows the total cash balance on business credit cards, reflecting all cash transactions to help reconcile statements and manage credit liabilities in QuickBooks.