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QuickBooks
Gross Profit (Accrual)
Gross Profit (Accrual) is a financial metric that calculates the profit a company earns after deducting the cost of goods sold and adjusting for accrued expenses and revenue, regardless of whether or not the money has exchanged hands.
With Databox you can track all your metrics from various data sources in one place.
- About
- Technical Details
What is "Gross Profit (Accrual)"?
Gross Profit (Accrual) is a financial metric that measures the profitability of a business by deducting the cost of goods sold from the revenue generated. This metric is calculated on an accrual basis, which means it takes into account all sales and expenses, regardless of when they were actually paid for. It reflects the profitability of a business in a given period, after accounting for the direct costs incurred in delivering products or services. Monitoring this metric over time can indicate trends in a business's profitability and help inform strategic decisions.
Example: A business owner wants to see the profit earned from selling a particular product after deducting the cost of goods sold, including any expenses incurred to make the sale. The Gross Profit (Accrual) metric helps calculate this.
Visualizations
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Number
Used to show a simple Metric or to draw attention to one key number.
How to track Gross Profit (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 Gross Profit (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 Gross Profit (Accrual) on the Performance screen
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6Get Gross Profit (Accrual) performance daily with Scorecards or as a weekly digest
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7Set Goals to track and improve performance of Gross Profit (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
General
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DescriptionGross Profit (Accrual) is a financial metric that calculates the profit a company earns after deducting the cost of goods sold and adjusting for accrued expenses and revenue, regardless of whether or not the money has exchanged hands.
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CategoryAccounting
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SubcategoryProfit
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Date Added2016-05-20
Specification
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Metric Typegeneral
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DimensionalNo
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Decimal DigitsYes
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Currency UnitsYes
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GranularitiesDaily, weekly, monthly, yearly, quarterly and all-time.
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Custom Relative PeriodsYes
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Data AvailabilityAt sync, it ranges from 3 year ago to 1 year.
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Retroactive Data UpdatesExisting data is purged in favor of the most recent synced data.
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Future Data AvailableNo
Visualization
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Default FormatPrefixCurrency
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Cumulative GraphYes
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Favorable Trendincreasing
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Media CreativesNo
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ForecastsYes
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BenchmarksYes
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