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Xero Direct Costs

Direct Costs metric refers to the expenses incurred specifically for the production of goods or services. These costs are directly tied to the production process and can include raw materials, labor costs, and other expenses directly related to production. #Xero #DirectCosts

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Direct Costs 2.190,879 Start tracking this metric
  • About
  • Tech details
What is "Direct Costs"?
Direct costs refer to expenses that are directly related to producing or providing a specific product or service. These costs include materials, labor, and other expenses that can be traced to a specific product or service. Direct costs are important to monitor to ensure the profitability of a business, as they directly impact the cost of goods sold (COGS) and therefore the gross profit margin. In Xero, direct costs can be tracked by setting up and categorizing accounts and using tracking categories to allocate expenses to specific products or services.
Example: A construction company can use the Direct Costs metric to determine the total cost of raw materials and labor used to build a specific project.

Visualizations

  • Databox visualization

    Number

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

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

Basics

  • Description
    Direct Costs metric refers to the expenses incurred specifically for the production of goods or services. These costs are directly tied to the production process and can include raw materials, labor costs, and other expenses directly related to production. #Xero #DirectCosts
  • Category
    Accounting
  • Subcategory
    Costs
  • Date Added
    2017-03-09
  • Default Format
    PrefixCurrency
  • Cumulative Support
    Yes
  • Units
    Yes
  • Granularities
    monthly, quarterly, yearly
  • Favorable Trend
    increasing
  • Historical Data
    Yes
  • Changing historical data
    Yes
  • Forecast Support
    Yes
  • Benchmark Support
    Yes
  • Media Support
    No
  • Dimension
    N/A
  • Metric Type
    general Learn more
  • API Endpoint
    https://api.xero.com/api.xro/2.0/reports/ExecutiveSummary

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