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 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 Current Property, Plant, and Equipment by Asset metric in Xero provides a snapshot of a company's tangible assets, their net value, and how efficiently they are being utilized to generate revenue.
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.
The Draft Invoices Amount metric in Xero shows the total value of all invoices that have been created but not yet sent to customers for payment.
Cash Surplus (Deficit) is a financial metric that measures whether a business has more cash inflows than outflows (surplus) or more outflows than inflows (deficit) in a given period.
Average Debtors Days is a financial metric that measures how quickly a company can collect its accounts receivable. It is calculated by dividing the total amount of accounts receivable by the average daily sales, and the result represents the number of days it takes for a company to collect its outstanding debts.
The Quotes Accepted Value metric measures the total value of quotes that have been accepted by customers, providing insight into the effectiveness of sales efforts.