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QuickBooks
Balance (Accrual)
The Balance metric refers to the difference between the total assets and total liabilities of a company at a given point in time. It indicates the financial position of the company and its ability to meet its financial obligations.
With Databox you can track all your metrics from various data sources in one place.
- About
- Technical Details
What is "Balance (Accrual)"?
The Balance metric is the total amount of money in a specific account at a given point in time. It represents the net difference between the total amount of debits and total amount of credits in the account. It is an important metric in monitoring and managing the financial health of a business.
Example: Example: The balance metric in QuickBooks can help business owners keep track of their cash flow by showing the amount of money they have on hand after subtracting their expenses from their income.
Visualizations
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Number
Used to show a simple Metric or to draw attention to one key number.
How to track Balance (Accrual) in Databox?
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 Balance (Accrual) using Databox, follow these steps:
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1Connect QuickBooks that contains the metric you want to track
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2Select the metric you want to track from the list of available metrics
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3Drag and drop the selected metric onto your dashboard
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4Watch your dashboard populate in seconds
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5Put Balance (Accrual) on the Performance screen
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6Get Balance (Accrual) performance daily with Scorecards or as a weekly digest
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7Set Goals to track and improve performance of Balance (Accrual)
GoalsSet Goals to track and improve your performance
ScorecardsGet your daily progress every morning with Scorecards
Metric DigestReceive detailed weekly performance updates
Metric BuilderBuilt your own custom metrics with Metric Builder
Data CalculationsSet Goals to track and improve your performance
Performance ScreenGet instant insights into your top-performing metrics
General
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DescriptionThe Balance metric refers to the difference between the total assets and total liabilities of a company at a given point in time. It indicates the financial position of the company and its ability to meet its financial obligations.
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CategoryAccounting
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SubcategoryBalance
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Date Added2016-05-20
Specification
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Metric Typegeneral
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DimensionalNo
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Decimal DigitsYes
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Currency UnitsYes
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GranularitiesDaily, weekly, monthly, yearly, quarterly and all-time.
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Custom Relative PeriodsYes
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Data AvailabilityAt sync, it ranges from 36 months ago midnight to now.
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Retroactive Data UpdatesExisting data is purged in favor of the most recent synced data.
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Future Data AvailableNo
Visualization
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Default FormatPrefixCurrency
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Cumulative GraphNo
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Favorable Trendincreasing
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Media CreativesNo
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ForecastsYes
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BenchmarksYes
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Overdue Invoices Amount
The Overdue Invoices Amount metric represents the total amount of unpaid invoices that are past their due date.
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Balance by Credit Cards (Cash)
Balance by Credit Cards is a financial metric in QuickBooks that shows the total amount owed on credit cards as of a given date, including both current and past due balances.
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Balance by Bank Accounts (Accrual)
The Balance by Bank Accounts metric is a financial measure that displays the total amount of money available in each bank account in your QuickBooks software.
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Current Assets (Accrual) by Category
This metric categorizes accrual-based current assets—like receivables and prepaid expenses—into groups, giving a clear view of short-term asset allocation in QuickBooks.
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Liabilities (Accrual)
Liabilities are financial obligations or debts owed by a business to creditors, suppliers, or other entities. It includes short-term, long-term, and contingent liabilities and is a measure of a company's financial obligations that must be paid in the future.
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Quantity (Accrual) by Product
The Quantity by Product metric indicates how much of a particular item has been sold over a given period of time and helps businesses make informed decisions regarding inventory management and purchasing.
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Long-term Liabilities (Cash) by Category
This metric categorizes cash outflows for long-term debt repayments in QuickBooks, allowing businesses to track and manage payments by distinct liability types.
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Balance Bank Accounts (Cash)
This metric displays the total cash balance in business bank accounts, including deposits, withdrawals, fees, and interest, ensuring accurate reconciliation in QuickBooks.
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Databox Inc.
HQ: Boston, MA, USA
Modern BI for teams that needs answers now
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