The Creditors metric in Xero tracks the amount of money a business owes to its suppliers or vendors for goods or services received but not yet paid. It helps monitor the company's financial liability and cash flow management.
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 Creditors 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.
The Profit and Loss by Subtype metric in Xero allows users to view their company's income and expenses broken down by specific subcategories, providing a detailed analysis of the financial performance of each area of the business.
Total Expenses (Budget) is a financial metric that represents the total amount of money allocated for expenses during a specific period, as planned or forecasted in the budget. It helps to monitor the actual expenses and ensure that they align with the company's financial goals and objectives.
Total Cost of Sales (Budget) is the projected amount of direct costs incurred to produce goods or services that are sold during a specific period. This includes materials, labor, and overhead expenses. It helps businesses track and manage their expenses related to sales in a budgeted period.
The opening balance metric is the amount of funds or value that a business has at the beginning of a financial period, which is carried over from the previous period or from the initial investment.
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.
Net Assets is the total value of an organization's assets minus its liabilities. It reflects the overall financial health of the business and is used to determine the company's ability to pay off long-term debt and generate future profits.
The Average Creditors Days metric is a measure of how long it takes a business to pay its suppliers. It is calculated by dividing accounts payables by the average daily cost of goods sold and is a key indicator of a company's cash flow management and supplier relationships.
Short-term cash forecast predicts a company's cash inflows and outflows over a short period, usually a month or a quarter, to ensure they have enough liquidity.