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QuickBooks Opening Cash Balance

The Opening Cash Balance is the cash on hand at a period's start, serving as a baseline for tracking transactions and reconciling accounts in QuickBooks.

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

Opening Cash Balance 2.190,879 Start tracking this metric
  • About
  • Technical Details
What is "Opening Cash Balance"?
Opening Cash Balance is the recorded amount of cash available at the start of an accounting period. It establishes a baseline for tracking cash inflows and outflows, ensuring that daily transactions and bank reconciliations in QuickBooks accurately reflect the business's financial position. Currently this metric is only supported for US QuickBooks accounts.
Example: A business begins its day by counting cash in the register to verify the opening cash balance before processing sales and recording transactions.

Visualizations

  • Databox visualization

    Number

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

How to track Opening Cash Balance 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 Opening Cash Balance 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 Opening Cash Balance on the Performance screen
  6. 6
    Get Opening Cash Balance performance daily with Scorecards or as a weekly digest
  7. 7
    Set Goals to track and improve performance of Opening Cash Balance
QuickBooks integration with Databox Track Opening Cash Balance from QuickBooks in Databox GET STARTED

General

  • Description
    The Opening Cash Balance is the cash on hand at a period's start, serving as a baseline for tracking transactions and reconciling accounts in QuickBooks.
  • Category
    Accounting
  • Subcategory
    Cash
  • Date Added
    2016-05-20

Specification

  • Metric Type
    general
  • Dimensional
    No
  • Decimal Digits
    Yes
  • Currency Units
    Yes
  • Granularities
    Monthly, quarterly, yearly and all-time.
  • Custom Relative Periods
    Yes
  • Data Availability
    At sync, it ranges from 36 months ago midnight to now.
  • Retroactive Data Updates
    Existing data is purged in favor of the most recent synced data.
  • Future Data Available
    No

Visualization

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

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