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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.

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Cost of Goods Sold (Accrual) 2.190,879 Start tracking this metric
  • About
  • Tech 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

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Scorecards

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Metric Digest

Receive detailed weekly performance updates
Metric Builder

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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

Basics

  • 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
  • Default Format
    PrefixCurrency
  • Cumulative Support
    Yes
  • Units
    Yes
  • Granularities
    daily, weekly, monthly, yearly, quarterly, allTime
  • Favorable Trend
    decreasing
  • Historical Data
    Yes
  • Changing historical data
    Yes
  • Forecast Support
    Yes
  • Benchmark Support
    Yes
  • Media Support
    No
  • Dimension
    N/A
  • Metric Type
    general Learn more
  • API Endpoint
    https://quickbooks.api.intuit.com/v3/company/{realmId}/reports/ProfitAndLoss

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