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Xero Net Profit (Budget)

The Net Profit (Budget) metric in Xero represents the expected profit after all expenses and taxes have been deducted from the projected revenue for a particular period.

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

Net Profit (Budget) 2.190,879 Start tracking this metric
  • About
  • Tech details
What is "Net Profit (Budget)"?
The Net Profit (Budget) metric represents the projected income after all expenses and taxes have been paid within a specific period. It is calculated by deducting the total expenses from the projected revenue. This metric is essential in providing an estimate of a business's profitability in a given period. By comparing the actual net profit to the budgeted net profit, business owners can determine the effectiveness of their financial planning and identify areas where they need to make adjustments to improve profitability.
Example: A retail business owner wants to ensure that they are meeting their financial goals for the upcoming year, so they create a budget that includes expected expenses and revenue. They use the Net Profit (Budget) metric to track their progress against their projected net profit for the year.

Visualizations

  • Databox visualization

    Number

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

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

Basics

  • Description
    The Net Profit (Budget) metric in Xero represents the expected profit after all expenses and taxes have been deducted from the projected revenue for a particular period.
  • Category
    Accounting
  • Subcategory
    Profit
  • 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
    No
  • 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/BudgetSummary

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