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
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 Direct Costs using Databox, follow these steps:
This metric displays the planned/estimated total expenses for a specific period, sorted by type of expense such as salaries, utilities, marketing, etc. It helps businesses track and control their spending by comparing actual expenses with the budgeted ones.
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 by Bank Account metric in Xero is a report that displays the balance of each bank account at the beginning of a specified financial period. It provides a snapshot of the account balances before any transactions for the selected period have been entered into Xero.
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.
The Current Cash and Cash Equivalents by Asset metric is a financial measure that shows the amount of liquid assets available to a company to pay its debts and obligations in the short term.
The Invoices Issued metric measures the total number of invoices that have been created and sent to customers during a specified period in Xero accounting software.
The Outstanding Payments by Contact metric in Xero shows the total amount of unpaid invoices and bills for each contact or customer, which can help businesses manage their cash flow and prioritize collection efforts.
Gross Profit Margin is a financial metric that measures how much profit a company makes after deducting the cost of goods sold from its revenue.