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Xero Closing Balance by Bank Account

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.

Closing Balance by Bank Account 2.190,879 Start tracking this metric
  • About
  • Technical Details
What is "Closing Balance by Bank Account"?
The Closing Balance by Bank Account metric in Xero refers to the amount of money left in each bank account at the end of a specific period. It provides an accurate snapshot of the financial health of the business and enables users to reconcile bank transactions and monitor cash flow. This information is crucial for making informed decisions about budgeting and financial planning.
Example: In January, Company XYZ uses the Closing Balance by Bank Account metric to reconcile their bank statements and ensure all transactions are accounted for.

Visualizations

  • Databox visualization

    Bar and Line Chart

    Used to show comparisons between values.

How to track Closing Balance by Bank Account 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 Closing Balance by Bank Account using Databox, follow these steps:

  1. 1
    Connect Xero 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 Closing Balance by Bank Account on the Performance screen
  6. 6
    Get Closing Balance by Bank Account performance daily with Scorecards or as a weekly digest
  7. 7
    Set Goals to track and improve performance of Closing Balance by Bank Account
Xero integration with Databox Track Closing Balance by Bank Account from Xero in Databox GET STARTED

Xero Closing Balance by Bank Account included in Dashboard Templates 1

  • Live view

    Xero Cash Flow Overview

    This dashboard provides insights into net cash flow, bank balances, cash inflows and outflows, and key cash flow metrics like days payable/receivable and outstanding payments. It helps businesses monitor liquidity and optimize financial planning.

    Xero

Xero Closing Balance by Bank Account included in Report Templates 1

  • Details

    Xero Financial Overview Report

    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.

    Xero

General

  • Description
    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.
  • Category
    Accounting
  • Subcategory
    Balance
  • Date Added
    2017-03-09

Specification

  • Metric Type
    general
  • Dimensional
    Yes
  • Decimal Digits
    Yes
  • Currency Units
    Yes
  • Granularities
    Monthly, quarterly and yearly.
  • Custom Relative Periods
    Yes
  • Data Availability
    At sync, it ranges from 3 years ago 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
    No

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