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.
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 Open Balance by Vendor using Databox, follow these steps:
Paid Bills Amount metric shows the total amount of bills paid by a company in a given period. It helps to track expenses and manage cash flow.
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 Cost of Goods Sold (Accrual) by Subcategory metric tracks the total cost of producing or purchasing the goods sold in each subcategory during a specific period.
Other Expenses (Cash) represents any miscellaneous expenses that are not categorized under any specific category in the cash flow statement.
The Other Expenses (Cash) by Subcategory metric provides a breakdown of various expenses incurred by a business other than the major expense categories.
The Other Expenses (Accrual) by Category metric tracks the total amount of expenses incurred in non-standard categories that are not related to the daily operations of a company.
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.
The Average Sales by Product metric displays the mean selling price for each product in the Product Service Summary report of QuickBooks, facilitating clear and direct pricing insights.