The Opening Cash 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.
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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 Cash Balance using Databox, follow these steps:
Closing Cash Balance is the amount remaining in a Xero account at the end of a period and is calculated by subtracting total expenses and withdrawals from total deposits and income.
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.
Net Assets is the total value of an organization's assets minus its liabilities. It reflects the overall financial health of the business and is used to determine the company's ability to pay off long-term debt and generate future profits.
The Awaiting Payments Amount metric in Xero shows the total amount of outstanding invoices that have not yet been paid by customers. It helps businesses keep track of how much revenue is yet to be received, and which customers need to be chased for payment.
Return on Investment (ROI) is a financial metric used to evaluate the profitability of an investment. It measures the gain or loss of an investment relative to the initial cost, expressed as a percentage per year (p.a.).
Current assets are the assets that a business owns and expects to use or turn into cash within a year while fixed assets are resources for long term use.
Fixed assets are long-term, tangible resources that a business owns and uses in its operations.
Average Value of Invoices is a financial metric that calculates the mean monetary value of all invoices issued during a specific period. This metric helps businesses understand their typical transaction size and monitor changes in customer spending patterns.