The Closing Balance by Bank Account metric in Xero shows the total balance remaining in each of your linked bank accounts as of the end of the selected accounting period.
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 Closing Balance by Bank Account using Databox, follow these steps:
Xero’s dashboard template provides you with insights about cash flow, bank accounts, sales and expenses entered in Xero to stay on top of your business.
This report gives a snapshot of financial results using Xero data on income, expenses, cash flow, balance sheet, and overall financials, supporting informed financial decisions.
Sales metric in Xero is a measure of revenue generated from the sales of goods or services. It helps businesses track their sales performance and make informed decisions to grow their revenue.
The Budget Summary by Type metric provides a breakdown of budgeted amounts for income and expenses by category type.
The Net Profit (Budget) metric in Xero represents the expected profit after all expenses and taxes have been deducted from the projected revenue for a particular period.
The Payments by Contact metric in Xero tracks the total amount of payments made by each contact (customer or supplier), providing valuable insights into their spending or revenue patterns.
The Cash Spent by Bank Account metric shows the total amount of cash that has been spent or paid out from a specific bank account within a certain period of time.
The Current Property, Plant, and Equipment by Asset metric in Xero provides a snapshot of a company's tangible assets, their net value, and how efficiently they are being utilized to generate revenue.
The Awaiting Payments metric in Xero shows the total amount of money that has been invoiced but not yet received from customers.
Average Debtors Days is a financial metric that measures how quickly a company can collect its accounts receivable. It is calculated by dividing the total amount of accounts receivable by the average daily sales, and the result represents the number of days it takes for a company to collect its outstanding debts.