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.
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 Opening Balance using Databox, follow these steps:
Total Operating Expenses (Budget) is a financial metric that represents the total estimated amount of money a company plans to spend on its operating expenses over a given period, with the purpose of controlling and predicting costs in the short and long term.
The Cash Received by Bank Account metric tracks the total amount of cash received by a specific bank account over a given period of time. It includes all payments, deposits, and other sources of revenue that have been credited to the account.
Total Liabilities is a financial metric that shows the total amount of obligations owed by a business to creditors and other parties, including loans, accounts payable, and accrued expenses.
The Current Non-liabilities by Liability metric is a ratio that compares a company's short-term assets that aren't liabilities to its short-term liabilities.
Current Equities by Equity metric in Xero shows the value of equity in the business at a given point in time. It takes into account the assets and liabilities of the business to provide an accurate picture of the net worth of the company.
The Overdue Payments metric in Xero tracks the total amount of unpaid invoices that are past their due date, giving businesses insight into their outstanding receivables.
The Debtors metric in Xero measures the total amount of money owed to a company by its customers, indicating the level of outstanding debts and the company's ability to collect payment.
The Quotes Accepted metric in Xero measures the total value of quotes that have been accepted by customers, indicating a successful conversion of sales.