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Xero Gross Profit (Budget)

Gross Profit (Budget) is a financial metric that tracks the amount of revenue a company generates after deducting the cost of goods sold. It helps businesses assess their profitability by comparing the budgeted gross profit to actual results.

With Databox you can track all your metrics from various data sources in one place.

Gross Profit (Budget) 2.190,879 Start tracking this metric
  • About
  • Technical Details
What is "Gross Profit (Budget)"?
Gross Profit (Budget) is a financial metric that represents the difference between total revenue and the cost of goods sold. It is calculated by subtracting the cost of goods sold from total revenue to arrive at the profit that remains after deducting the direct costs associated with producing goods sold. The Gross Profit (Budget) metric is an important indicator of a company's profitability and can help inform decision making around pricing, production costs, and sales strategies. By comparing actual gross profit to budgeted gross profit, businesses can track their performance and adjust strategies accordingly.
Example: A manufacturing business sets a budget for their gross profit margin for the year to ensure profitability. They can use the Gross Profit (Budget) metric to track their progress and make adjustments as needed.

Visualizations

  • Databox visualization

    Number

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

How to track Gross Profit (Budget) 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 Gross Profit (Budget) 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 Gross Profit (Budget) on the Performance screen
  6. 6
    Get Gross Profit (Budget) performance daily with Scorecards or as a weekly digest
  7. 7
    Set Goals to track and improve performance of Gross Profit (Budget)
Goals

Set Goals to track and improve your performance
Scorecards

Get your daily progress every morning with Scorecards
Metric Digest

Receive detailed weekly performance updates
Metric Builder

Built your own custom metrics with Metric Builder
Data Calculations

Set Goals to track and improve your performance
Performance Screen

Get instant insights into your top-performing metrics
Xero integration with Databox Track Gross Profit (Budget) from Xero in Databox GET STARTED

General

  • Description
    Gross Profit (Budget) is a financial metric that tracks the amount of revenue a company generates after deducting the cost of goods sold. It helps businesses assess their profitability by comparing the budgeted gross profit to actual results.
  • Category
    Accounting
  • Subcategory
    Profit
  • Date Added
    2017-03-09

Specification

  • Metric Type
    general
  • Dimensional
    No
  • 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
    Newly synced data is merged with existing data, replacing values for matching periods.
  • Future Data Available
    No

Visualization

  • Default Format
    PrefixCurrency
  • Cumulative Graph
    Yes
  • Favorable Trend
    increasing
  • Media Creatives
    No
  • Forecasts
    Yes
  • Benchmarks
    Yes

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