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QuickBooks 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.

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

Cost of Goods Sold (Accrual) 2.190,879 Start tracking this metric
  • About
  • Technical Details
What is "Cost of Goods Sold (Accrual)"?
Cost of Goods Sold (Accrual) is a financial metric that represents the direct expenses incurred in producing or purchasing goods sold by a business during a specific period. It includes the cost of raw materials, direct labor, and overhead, providing insights into the profitability and efficiency of a company's operations. Calculating this metric accurately is crucial for assessing the financial health and making informed business decisions.
Example: Example: Calculating the total cost of inventory sold during a specific period, including the direct expenses associated with manufacturing or acquiring goods, such as materials, labor, and overhead costs.

Visualizations

  • Databox visualization

    Number

    Used to show a simple Metric or to draw attention to one key number.

How to track Cost of Goods Sold (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 Cost of Goods Sold (Accrual) using Databox, follow these steps:

  1. 1
    Connect QuickBooks 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 Cost of Goods Sold (Accrual) on the Performance screen
  6. 6
    Get Cost of Goods Sold (Accrual) performance daily with Scorecards or as a weekly digest
  7. 7
    Set Goals to track and improve performance of Cost of Goods Sold (Accrual)
Goals

Set Goals to track and improve your performance
Scorecards

Get your daily progress every morning with Scorecards
Metric Digest

Receive detailed weekly performance updates
Metric Builder

Built your own custom metrics with Metric Builder
Data Calculations

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Performance Screen

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QuickBooks integration with Databox Track Cost of Goods Sold (Accrual) from QuickBooks in Databox GET STARTED

General

  • Description
    The Cost of Goods Sold (Accrual) metric represents the direct costs incurred in producing goods or services sold during a specific period.
  • Category
    Accounting
  • Subcategory
    Costs
  • Date Added
    2016-05-20

Specification

  • Metric Type
    general
  • Dimensional
    No
  • Decimal Digits
    Yes
  • Currency Units
    Yes
  • Granularities
    Daily, weekly, monthly, yearly, quarterly and all-time.
  • Custom Relative Periods
    Yes
  • Data Availability
    At sync, it ranges from 3 year ago to 1 year.
  • Retroactive Data Updates
    Existing data is purged in favor of the most recent synced data.
  • Future Data Available
    Yes

Visualization

  • Default Format
    PrefixCurrency
  • Cumulative Graph
    Yes
  • Favorable Trend
    decreasing
  • Media Creatives
    No
  • Forecasts
    Yes
  • Benchmarks
    Yes

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