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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.

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The Total Operating Expenses metric in Xero represents the sum of all expenses incurred by a business during its normal operations, including salaries, rent, utilities, and other overhead costs.

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Total Expenses (Budget) is a financial metric that represents the total amount of money allocated for expenses during a specific period, as planned or forecasted in the budget. It helps to monitor the actual expenses and ensure that they align with the company's financial goals and objectives.

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The Payments by Contact metric in Xero tracks the total amount of payments made by each contact (customer or supplier), providing valuable insights into their spending or revenue patterns.

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The Draft Invoices metric in Xero refers to the number of invoices that have been created but not yet finalized. It measures the efficiency of the invoicing process and helps ensure that all invoices are accurately and promptly sent to clients for payment.

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Direct Costs metric refers to the expenses incurred specifically for the production of goods or services. These costs are directly tied to the production process and can include raw materials, labor costs, and other expenses directly related to production. #Xero #DirectCosts

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Profit (Loss) measures the financial success or failure of a business by calculating the difference between revenue and expenses. It shows the amount of money a business has earned or lost during a specific period, usually a year.

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The Average Creditors Days metric is a measure of how long it takes a business to pay its suppliers. It is calculated by dividing accounts payables by the average daily cost of goods sold and is a key indicator of a company's cash flow management and supplier relationships.