Liabilities are financial obligations or debts owed by a business to creditors, suppliers, or other entities. It includes short-term, long-term, and contingent liabilities and is a measure of a company's financial obligations that must be paid in the future.
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 Liabilities (Accrual) using Databox, follow these steps:
Overdue Invoices is a metric that measures the amount of outstanding customer invoices that are past their due date and have not been paid yet. It helps monitor the cash flow and identify potential payment issues.
The Open Balance by Vendor metric shows the total amount of unpaid invoices and bills for each vendor, which is essential for managing accounts payable and maintaining positive vendor relationships.
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 Category metric shows the total amount of revenue earned in a given period, categorized by various income sources such as sales, services, or fees. This metric uses accrual accounting, which records revenue when it's earned, regardless of when payment is actually received.
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 cash items within current assets (e.g., checking accounts, petty cash) to provide a clear view of available liquidity for short-term needs in QuickBooks.
This metric categorizes accrual-based current liabilities like accounts payable and accrued expenses, offering clear insight into short-term obligations recorded when incurred in QuickBooks.
This metric records long-term debt on an accrual basis, capturing incurred obligations and interest in QuickBooks regardless of cash movement.