Profit and Loss by Type shows the profitability of your business by categorizing income and expenses into specific types like sales, cost of goods sold, and operating expenses.
With Databox you can track all your metrics from various data sources in one place.
Used to show comparisons between values.
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 Profit and Loss by Type using Databox, follow these steps:
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.
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.
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.
Closing 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.
The Closing Balance by Bank Account metric in Xero shows the total balance remaining in each of your linked bank accounts as of the end of the selected accounting period.
The Income metric reflects the total revenue generated by a business during a specific period, including sales, services, and other sources of income.
The Quotes Declined metric measures the number or percentage of quotes that were rejected or turned down by potential customers.
The Quotes Invoiced Value metric measures the total amount of invoiced revenue generated from quotes created in Xero.