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.
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Used to show a simple Metric or to draw attention to one key number.
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To track Average Creditors Days using Databox, follow these steps:
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Total Income is the sum of all revenue earned by a business during a defined period of time, including sales, services, and other sources of income.
This metric displays the planned/estimated total expenses for a specific period, sorted by type of expense such as salaries, utilities, marketing, etc. It helps businesses track and control their spending by comparing actual expenses with the budgeted ones.
The Net Profit (Budget) metric in Xero represents the expected profit after all expenses and taxes have been deducted from the projected revenue for a particular period.
Current Assets by Asset is a financial metric that measures a company's short-term liquidity and cash flow by comparing its current assets to the total value of its assets. It helps assess the ability of a company to meet its short-term financial obligations.
Overdue Payments Amount refers to the total outstanding payments owed to your business from customers that are past their due date, as tracked in Xero, providing visibility into your current cash flow situation.
The Overdue Payments by Contact metric in Xero shows a list of customers or suppliers who have outstanding unpaid invoices beyond their due date, helping businesses stay on top of their overdue payments.
The Quotes Accepted metric in Xero measures the total value of quotes that have been accepted by customers, indicating a successful conversion of sales.
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.