The Balance by Bank Accounts metric is a financial measure that displays the total amount of money available in each bank account in your QuickBooks software.
With Databox you can track all your metrics from various data sources in one place.
Used to show comparisons between values.
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 by Bank Accounts (Cash) 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 (Accrual) metric represents the total expenses recorded by a company during a specific period, including incurred expenses that have not yet been paid. It is an important measure of a company's profitability and financial health.
The Other Income (Accrual) by Category metric tracks the earnings from non-primary business activities, categorized for easy analysis and accounting.
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.
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.
Percentage of Sales by Product metric shows the contribution of each product to the total sales of a business, expressed as a percentage.
Equity (Accrual) measures a business's net worth on an accrual basis, including both cash and non-cash items, to reflect long-term financial health in QuickBooks.
The Opening Cash Balance is the cash on hand at a period's start, serving as a baseline for tracking transactions and reconciling accounts in QuickBooks.
Cash Inflow shows the total cash received from operations, reflecting actual revenue generation and providing insight into a business's liquidity in QuickBooks.