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Xero
Cost of Sales
Cost of Sales is a financial metric that calculates the sum of all costs incurred in the production or sale of goods or services. This metric helps businesses understand their overall expenses and monitor changes in their cost structure over time. By tracking this metric, businesses can identify areas where costs can be reduced or optimized, and make informed decisions about their pricing, production, and sales strategies.
With Databox you can track all your metrics from various data sources in one place.
- About
- Technical Details
What is "Cost of Sales"?
The Cost of Sales metric provides a comprehensive view of all expenses incurred in the production or sale of goods or services. This metric is particularly useful for tracking changes in cost structure over time, identifying areas where costs can be reduced or optimized, and evaluating the profitability of different products or services. By monitoring this metric, businesses can make informed decisions about their pricing, production, and sales strategies.
Example: A manufacturing company can use the Cost of Sales metric to track the total cost of producing and selling their products, including raw materials, labor, and overhead expenses.
Visualizations
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Number
Used to show a simple Metric or to draw attention to one key number.
How to track Cost of Sales 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 Cost of Sales using Databox, follow these steps:
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1Connect Xero 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 Cost of Sales on the Performance screen
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6Get Cost of Sales performance daily with Scorecards or as a weekly digest
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7Set Goals to track and improve performance of Cost of Sales
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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DescriptionCost of Sales is a financial metric that calculates the sum of all costs incurred in the production or sale of goods or services. This metric helps businesses understand their overall expenses and monitor changes in their cost structure over time. By tracking this metric, businesses can identify areas where costs can be reduced or optimized, and make informed decisions about their pricing, production, and sales strategies.
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CategoryAccounting
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SubcategoryCost of Sales
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Date Added2017-03-09
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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GranularitiesMonthly, quarterly and yearly.
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Custom Relative PeriodsYes
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Data AvailabilityAt sync, it ranges from 3 years ago 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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Cumulative GraphYes
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Favorable Trenddecreasing
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Media CreativesNo
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ForecastsYes
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BenchmarksYes
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Total Cost of Sales (Budget)
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Draft Invoices Amount
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Databox Inc.
HQ: Boston, MA, USA
Modern BI for teams that needs answers now
Databox Inc.
HQ: Boston, MA, USA
Modern BI for teams that needs answers now
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