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.
With Databox you can track all your metrics from various data sources in one place.
Used to show a simple Metric or to draw attention to one key number.
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 Opening Balance using Databox, follow these steps:
The Budget Summary by Type metric provides a breakdown of budgeted amounts for income and expenses by category type.
Total Liabilities is a financial metric that shows the total amount of obligations owed by a business to creditors and other parties, including loans, accounts payable, and accrued expenses.
The Outstanding Payments by Contact metric in Xero shows the total amount of unpaid invoices and bills for each contact or customer, which can help businesses manage their cash flow and prioritize collection efforts.
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.
Current Assets to Liabilities metric compares the amount of short-term resources available to a company to meet its current obligations. It is a measure of liquidity and financial health.
Revenue by Code is a financial metric that analyzes a company's revenue streams by code (chart of accounts) to better understand which products or services generate the most revenue and enable informed decisions about pricing, marketing, and resource allocation.
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.
The Quotes Invoiced Value metric measures the total amount of invoiced revenue generated from quotes created in Xero.